The new law also imposes a minimum expenditure by electronic means on real estate lessors, at a rate of 30% of their total income, with a penalty of 22% for those who do not reach this minimum limit .
The provision for the tax deduction for costs of building renovation services (and not materials as proposed by POMIDA), is finally as follows:
Article 16 Addition of Article 39 B of the KFE, regarding the tax deduction for expenses related to receiving services for energy, functional and aesthetic upgrading of buildings After Article 39 A of Law 4172/ 2013 article 39 B is added as follows:
“1. The costs that will be incurred for receiving services related to the energy, functional and aesthetic upgrading of buildings, which have not already been included or will not be included in a building upgrading program, are reduced equally distributed over a period of four (4) years, at a rate of forty percent (40%) of their amount, the income tax of natural persons, up to the corresponding tax for each tax year, with a maximum total expenditure limit of sixteen thousand (16,000) euros.
- A necessary condition for the reduction of the tax from the amount of expenses is their proof with legal documents of Law 4308/2014 and their payment by electronic means of payment or through a payment service provider.
- By a joint decision of the Ministers of Finance, Environment and Energy and the Governor of AADE, the conditions, the terms, the procedure, as well as any other necessary detail for the implementation of this are determined.”
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The provision that makes it possible to transfer properties with ENFIA debts without prior settlement of debts but with simple withholding, proposed by POMIDA is as follows:
Article 36 Amendment of article 54A of the Tax Code regarding the Uniform Property Ownership Tax Certificate
- The second paragraph of paragraph 4 of article 54A of Law 4174/2013 is replaced as follows: “It is possible, upon application by the debtor, to grant a certificate for the transfer of a specific property with withholding and return of the total purchase price that covers at least the due amount of main and additional taxes and surcharges for the specific property against the total due amount of main and additional taxes and surcharges for all the properties for which he is liable, in accordance with defined in the previous paragraph, without requiring that the overdue debts have been previously settled by ENFIA.”
End the provision for a three-year suspension of the imposition of VAT on real estate transfers by builders, but also to apartment owners as consideration is as follows:
Article 39 Amendment of provisions of the VAT Code .A. regarding the suspension of VAT in the transfer of real estate
- After paragraph 4 of article 6 of the VAT Code (law 2859/2000, A΄ 248) a new paragraph 4a is added as follows: “4a. At the request of the taxable person, builder of buildings for sale, the application of VAT is suspended, mandatorily until 31.12.2022. in the properties of paragraphs 1 and 2a of this article and property transfer tax is imposed. The suspension concerns all of the subject’s unused properties above. Together with the application, the subject submits a statement of the undistributed properties and the amount of tax corresponding to each property to be settled. The application shall be submitted within a period of six (6) months from the entry into force of the provisions of this paragraph for permits already issued, while for permits issued from the entry into force of these provisions and henceforth a six-month period shall apply from the issuance of the permit. /li>
- At the end of case b of paragraph 2 of article 6 of the VAT Code. a new paragraph is added as follows: “Especially for the cases of consideration, the contract of the taxable person building construction for sale to the landowner, is not subject to tax when the taxable person has been subject to a tax suspension regime, in accordance with paragraph 4a of this article”.
