FinMin blocks real estate transactions for debtors

Any transactions attempted without the ENFIA (special property tax) certificate, whose title comes from the Greek acronym for the Single Property Tax, will be deemed invalid.

A ministry circular calls on notaries and land registry officials to be especially vigilant as they must turn down any application for filing a property transaction if the clearance paper documenting the full payment of property taxes in the last five years is missing.

All signs suggest that the level of the ENFIA tax payable by every property owner will be determined in the first half of August. The General Secretariat of Public Revenues will then start sending notices to owners so that they can print the payment order for the tax and the deadline for the first installment of the Single Property Tax will be set for August 31.

Source: Kathimerini