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ATHENS – Greeks who have’t paid property taxes in the last five years will not be allowed to make real estate transactions, the Finance Ministry said.

The ministry didn’t say why it hasn’t moved to take legal action or seize the properties for unpaid taxes, only that any transactions attempted without the ENFIA certificate, whose title comes from the Greek acronym for the Single Property Tax, will be deemed invalid.

A ministry circular issued told 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.

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.

The tax will be payable in up to five installments with the deadline for the last set for December 31, but property owners can make corrections or amendments to their property details by November 30.

The post No Property Deals For Tax Debtors appeared first on The National Herald.

Source: The National Herald
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