New Tax Law: Abolition of ENFIA for properties up to 400,000 euros, zero VAT on new buildings, etc.

• New tax bill: Abolition of ENFIA for properties up to 400,000 euros, zero VAT on new constructions, etc.
• Additional positive provisions were submitted to Parliament in the tax bill titled “Measures to boost income, tax incentives for innovation and business transformation, and other provisions.”
• Key additional provisions include extension of VAT suspension for new constructions until 31.12.2025, permanent exemption from ENFIA for protected buildings up to 400,000 euros, increase in salary benefits for students of Armed Forces Schools, exemption from income tax for legal or natural persons engaged in business activities for debts settled through out-of-court settlement, etc.
• The tax bill also includes 12 tax reductions and measures to strengthen citizens’ income, provisions for modernizing tax legislation and the administrative model governing the Independent Authority for Public Revenue (AADE), incentives for mergers and acquisitions, innovation, and resilience of the Greek economy against the impacts of climate change.
• A supplementary budget of 400 million euros for funding infrastructure and projects in progress is also being submitted alongside the bill.
• Minister of National Economy and Finance, Kostis Hatzidakis, stated that the bill demonstrates the government’s commitment to its promises.

Source: e-forologia.gr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---