Uniform Tax on the Ownership of Real Estate Property
and latest amendments to the New Income Tax Code and Code of Tax Procedures
L.4223/2013, enacted in December 2013, introduces the Uniform Tax on the Ownership of Real Estate Property (EN.F.I.A) applicable from 2014 onwards, replacing the Annual Real Estate Tax and Special Real Estate Duty. Additionally, L.4223/2013 attempts to clarify some provisions of the new Income Tax Code (L.4172/2013) and introduces certain amendments and additions to the Code of Tax Procedures (L.4174/2013).
This attached bulletin provides an overview of the new regime, as well as some other interesting recent legislative developments and interpretative Ministerial Circulars issued by the Ministry of Finance in relation to the new Income Tax Code and Code of Tax Procedures.