The text of POMIDA’s letter is as follows:
To the Minister of Finance Mr. Christos Staikouras
COMM. Deputy Minister of Finance Mr. Apostolos Vesyropoulos
General Secretary of Taxation Ms. Athena Kalyva
Herein
Athens, November 4, 2019
TOPIC: “Looting” of rental properties 30% of ” mandatory expenses”!
Dear Minister
Referring to your latest statements regarding the issues that concern us, we find that instead of announcing the 30% rate as a reduction of the ENFIA for all taxpayers, as the Prime Minister had expressly promised, you announced it as a minimum percentage of mandatory spending with “plastic money”, based on rental income!
tax-free limit, or at a low tax rate, which has been abolished for leases. Therefore, such a regulation should be combined with the establishment of a tax-free limit also on rental income, at least for those who are their only income, but also with a substantial reduction in the current predatory rental taxation scale, which does not seem to be the case in your intentions.
Secondly, the cumulative taxation of “middle class” rents at a rate of 35-45%, with a solidarity levy of up to 10%, with an annual ENFIA and with its additional tax which is imposed mainly on unprofitable properties, without any upper limit, but also a series of other various taxes and all kinds of fees, certificates, certificates, etc., has an overall confiscatory character, “takes everything” literally, resulting in no remaining disposable income of the order of 30% that you claim to be spent through the banking system!
Therefore, as it is practically impossible for most landlords to incur such expenditure in the absence of disposable income, this arrangement will result in their de facto exploitation with the additional ‘ taxation” of 22%. That is why we call on you not to include such an unacceptable provision in the tax bill.
With very special regards
The President of P.OM.ID.A
Stratos I. Paradias
Lawyer A.P. – President of UIPI
