ENFIA. There has already been an initial reduction of 30%, 20% and 10%. According to our official briefing, this reduction will be gradually expanded over the next two years until the explicitly promised 30% for all is completed within two years (2020 and 2021). POMIDA adamantly claims the abolition of the supplementary tax of ENFIA, reminding moreover that the main slogan of New Democracy on its website is “Few from many”, and not “Many from few”!!!
SOLIDARITY CONTRIBUTION. Promise to abolish it in the medium term, no later than 2023.
DISCOUNT OF COSTS FOR UPGRADING BUILDINGS. A 40% discount is established for the costs of energy, functional and aesthetic upgrading of existing buildings. According to our information, this deduction will be implemented from any kind of tax of the debtor, and for a three-year period from the year of their action. The establishment of this discount is a proposal of POMIDA which, if legislated correctly so that it can be adopted by taxpayers, apart from the other positive consequences, will literally change the face of the country’s cities!
VAT ON THE BUILDING. VAT on new buildings is suspended for 3 years. In order for this measure to succeed immediately, our opinion is that it should also include the already issued building permits, while in order to immediately reduce housing prices, the suspension should also apply to the builders’ unused properties.
GENEVATES TAX ON THE SALE OF REAL ESTATE. Its application will be suspended again on the sale of real estate.
PRIMARY HOME PROTECTION. Facilitating the protection of the primary residence by substantially removing the bureaucracy associated with the process of joining the banks’ platform.
DEBT SETTLEMENT IN INSTALLMENTS. Improved system for settling tax and insurance debts in 120 installments, with a lower interest rate, lower minimum payment and above all without the threat of seizure of debtors’ properties.
RENT TAXATION. For 2020, unfortunately, no change is foreseen in the independent taxation of rents. Thus, the initial 15% remains until €12,000, without reduction or tax-free, while after this amount it jumps to 35% + up to 5% for solidarity contribution = 40% and then to 45% + up to 10% = 55% + ENFIA + additional tax = substantial confiscation of the property… Our opinion is that the same tax-free and reduced rate of 9% should apply to rents if there are no other incomes, the 35% rate should be reduced to 20 and 25 %, and the maximum should be reduced to 35%, for incomes over €100,000.
There is still much more to be done in the coming years, so that the main asset element of the Greek People and the Greek family, to once again become a good that everyone deserves to work hard to acquire, and not a burden that everyone still tries to avoid…
