ENFIA payment in seven installments

The Hellenic Statistical Authority (ELSTAT) has informed the Greek government that it could extend the period in which it has to collect the unified property tax (ENFIA).

After a number of errors were discovered earlier this month in the way the property tax had been calculated, the government asked ELSTAT if it could allow more time for taxpayers to make their payments without it affecting the coalition’s drive to meet fiscal targets.

ELSTAT- after it consulted EUROSTAT- informed the government that any revenues collected by March of 2015 would be recorded in this year’s budget.

This means the government could allow taxpayers to pay in seven monthly installments rather than four.

Up until today, the government has announced that it has given taxpayers until the end of September to pay their first installment.

It remains to be seen if the government will go ahead and extend the number of payments that can be made.

The revenues that the government aims to collect from this tax, amount to 2.4 billion euros, down from the 2.65 billion initially calculated.

However any correction regarding ENFIA must be submitted to Parliament for voting by August 26.