These simulations will result in the necessary changes that must be made to the coefficients currently applied to calculate the ENFIA.
At the same time, the primary committees of the Ministry of Finance, which are made up of officials from the Hellenic Statistics Authority, the Bank of Greece, a representative of the Minister of Finance Euclides Tsakalotos and a representative of the Deputy Minister of Finance Mrs. Katerina Papanatsiou as well as representatives of the competent directorates of capital and technical services of the Ministry of Finance and the Independent Public Revenue Authority, have reached the point from the 10,600 zones of the entire territory to have arrived at the final zone prices in about 9,500 areas.
Based on the same information, next week the ministry’s appellate committee will meet and take into its hands the prices they have submitted the estimators for those zones where there are significant differences. It is worth emphasizing that the appellate committee will not deal with cases where the submitted proposals of appraisers show large differences compared to the applicable values but only in the case where there are differences between them. This practically means that in areas where the appraisers have already filed the proposals and large increases of up to 40% are presented, as long as they are common, these are the ones that will apply.
According to sources from the Ministry of Finance, the new liquidators ENFIA 2018 will be issued with the new objective values, although the proposal that they had submitted competently was specifically for this year to issue the ENFIA clearances with the current ones and not with the new objective values or to issue two separate clearances. But this cannot happen, as the lenders have vetoed that if the new zone rates do not go ahead and the new ENFIA is not calculated with them then the fourth assessment will never be closed. The lenders’ ultimatum calls for the completion of the tables with the new values in mid-June so that there is no issue at the crucial Eurogroup meeting on June 21.
POMIDA estimates that if most zone prices show upward trends, even and within the same framework of the basic tax of ENFIA, then in reality there will be no reason to raise the issue of revising the tax-free and additional tax rates, unless it has been agreed to increase the overall collection target of ENFIA 2018. Of course, the increases in zone prices will also lead to corresponding increases in other taxes and fees related to the objective values. See about it on our page Real Estate Tax Observatory.
