What’s New in Greek Property Taxes

GreekProperty Taxes Kardamyli

Athens-based architect and Chicago native Katerina Sirouni helps owners decode Greek property laws. In this post she tells us what’s new in regard to Greek property taxes, capital controls, and more.

GreekProperty Taxes Kardamyli
Kardamyli, on the Mani Peninsula in Messinia. PHOTO BY MARIA A. KARAMITSOS



Greek property ownership

As a Greek-American who has been educated and lives in Greece — and happens to be an architect — I am continually approached by Chicago area family and friends about how to make sense of the many changes in Greece’s property laws, codes, and taxes. As the owner and operator the architectural firm, KSirouni Architects, I help clients all over the world in design, management, and maintenance of properties, as well as navigating Greece’s new property laws.

Here’s what’s new in Greek property taxes.


Changes for Greek property taxes

Yes, it’s that cheerful time of the year again, TAX SEASON IS UPON US! The deadline for residents abroad filing taxes, is currently June 30, 2016 but as usual, it may be extended at the last minute.


Guidelines by the Greek Government have been announced and not much has changed for those residing abroad. The 2 KEY POINTS to keep in mind are:  

  • If you DO NOT RECEIVE INCOME from Greek sources, such as rental, pensions or interest from bank accounts for example, you are NOT REQUIRED to submit income tax files for the year 2015.
  • You are NOT REQUIRED to submit official documentation as proof of residency from the country you live if you are required to submit income tax files. For example, U.S. citizens are no longer required to submit the 6166 Certificate issued by the IRS.  


Capital controls

There have been no changes to the withdrawal and transfer limits. The limit for withdrawal remains 420 euros per week. Transfers of funds abroad area are still limited to 1,000 Euros abroad still stand. These restrictions also apply when using a Greek ATM card anywhere abroad.


The good news is that there have been some changes in opening new savings accounts. If you are an existing customer in a bank and therefore already have a Customer ID, you can now open a separate new account. To give you an example, if you have a joint account with other people, you can now open a separate account in your name only.



Here’s this month’s FAQ.


Question: Can you please let me know if I need to file every year the ENFIA tax form or do I just go on line every year pay the amount requested at TAX.gr I guess I am confused since I have no income but I have a home… What do I need to file every year? Or is everything o.k. this year and only pay the ENFIA?


Answer: If there have not been any changes regarding your real property, you simply pay the ENFIA property tax when issued. If there have been changes that have not been declared, such as legalizing illegal area – Law No. 4178/13 for example, then you must correct your E9 property declaration form. For further information, we suggest you speak with a tax professional.


Do you have a question regarding Greek property? Send us an email.


Other articles in this series:

Own Property in Greece? Read This!

Guide to Greece’s Property Laws: Illegal Structures

Guide to Greece’s Property Laws: Energy Performance Certificates

Guide to Greece’s Property Laws: Hellenic Cadastre

Guide to Greece’s Property Laws: Electronic Building ID Code

Deadline Approaching to Legalize Greek Property

Greek Property Ownership: Short-Term Rental

Greek Property Ownership: Deadlines, Refunds & More

Greek Property Ownership: Updates from Greece

Listen to Katerina on The Hellenic Public radio station “Voice of Greece – Φωνή της Ελλάδας”, targeted to the Hellenes of the Diaspora and Echoes of Athens that airs in Atlanta, Georgia.


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