The imposition of VAT on buildings with a license from 1-1-2006 onwards is suspended, while the suspension of VAT. also occupies the consideration, with the regulations of the tax bill, which was submitted on the night of Tuesday, November 26, 2019 in the Parliament.
According to an announcement by the Ministry of Finance, the bill introduces measures to restart the economy in important sectors with a contribution to the country's GDP and which have been particularly hard hit by the economic crisis. Particularly:
The imposition of VAT on buildings with a license from 1-1-2006 onwards is suspended, while the suspension of VAT. also occupies the consideration.
⦁ The imposition of the value added tax on the transfer of real estate for three years is suspended.
⦁ There is an incentive to spend on services related to the energy, functional and aesthetic upgrade of buildings, by granting a 40% tax deduction for the costs of the relevant work, with a total cost of 16,000 euros, equally distributed in period of 4 years.
⦁ The maximum number of fixed debt installments is increased from 12 to 24 and in special cases extraordinary debts from 24 to 48. It is possible for the same debtor to join the same debts for the second time if the settlement is lost for any reason relating to fault of.
⦁ The rent for the rental of public fish feeders in fishing cooperatives is reduced from 10% to 5% on the value of the catch.
The multi-bill also provides for the exemption for another two years, 2017 and 2018, of plots outside the city or settlement plan from the supplementary tax. The General Accounting Office estimates government revenue losses at 460m euros.
The imposition of an additional tax on agricultural parcels was passed in 2015, but was not implemented in 2016, as provided, mainly due to problems with the registration of agricultural parcels in the E9 form.
Last year's exemption was chosen at the last minute as an emergency solution to the risk of tax evasion leading to inflated tax returns for taxpayers.