Living in Greece

A practical guide to moving, living, working & traveling in Greece, plus musing and misadventures from an American in Athens

Archive for 2011

Greek property tax

The Ministry of Finance announced on September 11, 2011 that a special tax or ‘xaratsi’ would be assessed to all properties in Greece, raising an estimated €2-3 billion to qualify for the next bailout tranche and avert default.

Original rates of €0.50 to €10.00 were doubled three days later to €0.50 to €20.00 under the assumption that many people will not pay, though the government was advised to keep rates low to increase the likelihood of payment.

The emergency tax — called Εκτακτο Ειδικό Τέλος Ηλεκτροδοτούµενων ∆οµηµένων Επιφανειών (ΕΕΤΗ∆Ε)/Entakto Eidikio Telos Ilektrodotoumenon Domimenon Epifaneion (EETIDE) — affects approximately 5.1 million properties and lasts two years will be applied though 2013 for the foreseeable future, with rates climbing progressively higher as property values are adjusted. The first adjustment occurred in June 2012.

Parliament passed the bill on September 27, law 4021/2011 was published October 19, and amendments were made October 20, December 1, December 16 in 2011; February 3, March 2, May 25 and July 18 in 2012.

A bill to merge EETIDE and regular property tax (FAP) into a single tax, formerly Ενιαίος Φόρος Ακινήτων/Eniaios Foros Akiniton (ENFA) and now called Ενιαίος Φόρος Ιδιοκτησίας Ακινήτων/Enaios Foros Idiokthsias Akiniton (ΕNΦΙΑ or ENFIA), with revised thresholds to simplify billing and collection by tax authorities, reached agreement in February 2013, was voted into law on December 21 and took effect January 1, 2014.

A motion to adjust objective property values to reflect market reality and not inflated values of 10 years ago, which would have lowered taxation rates for 2013, was discussed and failed. For many owners, this will cancel any 15 percent discount on EETIDE from July 2013.

*Article last updated on September 1, 2014. Comments reflect whatever laws were in effect at the time, and there are two updates pending.


Article explains:

  • Who is exempt
  • Who pays how much and when
  • Penalties for non-payment
  • How the property tax is invoiced on a real-life electricity bill.

*It has been plagiarized by lawyers, accountants, expat INFO guides and property management companies. Be careful who you trust.


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Food & drink taxed 13 percent in Greece ’til December 31

Coffee & eating out now taxed at 13 percent in Greece.

As of August 1, 2013, VAT on ready-made food and some non-alcoholic beverages consumed at or ordered as takeaway at eating and drinking establishments was lowered from 23 percent to 13 percent through December 31. However, if tax evasion continues, it would be raised again to 23 percent on January 1, 2014.

Food served at restaurants, cafes and hotels, and non-alcoholic beverages purchased everywhere, are normally taxed 23 percent effective September 1, 2011.

Ahead of the EU-IMF audit, the government announced in August a number of hasty and contradictory measures that raised value-added tax (VAT) on holiday packages and proposed that tourists wear bracelets to get a reduced rate. It was eventually decided that all-inclusive vacation packages would remain at 13 percent, but a 10-percent tax hike would be assessed on ready-to-consume beverages and make takeaway and tavernas a luxury.

Greece charges the highest tax in the eurozone and second highest in the EU for eating out.

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Chuck Norris can kick-start Greek economy

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Chuck Norris is doing his darnedest to help the Greek economy before summer sales end August 31. He can kick ass with both feet on the ground*, so why not kick the crisis?

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