Mitsotakis announced a reduction in ENFΙΑ Property Tax by 22% from August

Prime Minister Kyriakos Mitsotakis made a surprise announcement in the government’s programmatic statements on a reduction in taxes burdening the middle class as early as this August and not in 2020 as promised before the elections.

“The 7 July elections ended the cycle of crisis and regression. The people’s mandate was clear and crystal clear. Self-serving Greece to go forward with hard work. My government and I will honor this commandment in full. That we said we will, along with the citizens. It is time for Greece to go forward with unity, program and hard work, “Prime Minister K. Mitsotakis said at the beginning of the government’s program statements.

In program statements, Prime Minister Kyriakos Mitsotakis stressed that the central government’s mission is to reduce taxes and bring new investments.”Our mission is,” said Mitsotakis, “to link wages to growth – so everyone has a share in prosperity. Provide opportunities for young people through a Education that will stop producing unemployed people. Put order and rules on the labor market and protect workers. Fight fear through an effective security policy. Deliver good public health, especially to those who need it most. ”

Kyriakos Mitsotakis, Prime Minister Kyriacos Mitsotakis, announced one year earlier in announcing his government’s programmatic statements about the implementation of a key commitment by ND, that of the reduction of ENFIA .

Mr. Mitsotakis, announced the reduction of ENΦΙΑ by 22% in the middle of this August – that is, a few days from now – with the first tax bill to be voted on by the urgency procedure.

This means that instead of 2020, the fall in ENFIA will already be seen in a few weeks in the 6.4 million property owners.

Specifically, in the accounts to be sent in August:

– For small properties the reduction will be 30%
– By 20%, ENPHIA is decreasing across the country’s middle class.
– And for large real estate (worth more than 1 million) the decrease will be 10%.

Kyriakos Mitsotakis commitments for 2020:
The tax on businesses is reduced to 20% in two phases: in September the reduction will be voted from 28 to 24% for 2019 incomes and for dividends from 10% to 5%.
VAT on building and capital gains tax on purchases and sales is suspended. A 40% tax deduction is charged for the costs of energy, functional and aesthetic upgrading of buildings.
The first tax rate for incomes of up to € 10,000 falls from 22% to 9%, while the maximum is reduced.
The Solidarity Fee and the Trade Fee are gradually abolished.
Insurance contributions are gradually reduced from 20% to 15%, and VAT is reduced from 13% to 11% and from 24% to 22%. 
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