PM Kyriakos Mitsotakis Announced Permanent 13% Cut in ENFIA Property Tax

Today, Wednesday the 2nd of February 2022, Prime Minister Mitsotakis announced that 80% in Greece to pay less property tax.

The statement of PM Kyriakos Mitsotakis is as follows:

“Today, the government is proceeding with a new brave permanent reduction of ENFIA by 13%. It thus exceeds its commitment to total relief of 30% of real estate taxation. A decision that is fair to society and beneficial to the economy. This means that Greeks will now be required to pay, every year, 860,000,000 euros less than in 2018. And 350,000,000 less, only in 2022.

The state insists on a steady de-escalation of taxes and levies to boost the disposable income of all households. And, on May 1, it will implement a second significant increase in the minimum wage.

With the new framework, 8 out of 10 of our fellow citizens will pay even less ENFIA. Many will pay the same amount. While, a small minority, about 6%, will see a reasonable burden. It is a minimum return to society as a whole, as the real value of property in some areas has doubled or even tripled.”

According to the elected government two-year agenda, it would significantly lower taxes and social security contributions for enterprises and individuals. The initiative, which was announced at the opening of the 85th annual Thessaloniki International Fair, will assist increase the competitiveness of Greek businesses, foreign investments, while also providing much-needed relief to middle-class people.

Read further details about ENFIA property tax.

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