Rates
New property tax rates to be introduced over three years
The Finance Ministry is processing a plan for the gradual application of the new "objective values" (property rates used for tax purposes) so as to spread the extra burden on property owners over three years.
Mid-June date given for new objective values for properties
The new "objective values" (property rates used for tax purposes) will be published on June 14, a senior Finance Ministry official revealed on Tuesday, which is also likely to lead to considerable delays in the issue of notices for this year's Single Property Tax (ENFIA).
New objective values to be issued in June, with many ENFIA hikes
Greece's 7 million property owners will find out next month what the new taxable rates in their area will be, ahead of receiving their Single Property Tax (ENFIA) pay notices in the last few days of August.
Iran unifies official and open market exchange rates as rial hit new low
Iran unified the country’s official and open market exchange rates, state media said, after its currency, the rial, plunged to an all-time low on April 9 on concerns over a return of crippling sanctions.
Creditors block gov't plan to hike the supplementary property tax
Greece's creditors have blocked the government's plans to increase the tax load on owners of medium-sized and large property. According to sources, the government had intended to shift the new burden resulting from the adjustment of the taxable property rates to 500,000 owners with assets adding up to over 200,000 euros.
74.7 Years is the Average Life Expectancy in Our Country
Hiked property rent impacts all social groups
The trend of Greek property owners leasing their houses to tourists for the short holiday periods in an effort to cover rising property taxes (ENFIA), with the subsequent hike in rent, has had a domino effect on other professional and social groups in Greece.
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Bringing objective values down to market prices an uphill battle
The Finance Ministry is gearing up to bring the country's so-called objective values used to determine property taxes down to the level of market prices, with the aim of getting a new system up and running from January 1, 2018.
Turkey's fertility rate falls to critical level of 2.1 for first time since WWI
Turkey's fertility rate hit the replacement level of the population in 2016, at 2.1 children, according to 2016 birth statistics released by the Turkish Statistical Institute (TÜİK) on May 18.
Property owners up against wall
Apartment owners in central Athens and other parts of the Greek capital are ready to make the most of the increase in demand - mainly from foreign visitors - given that most people seeking a new home want to rent rather than buy.
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