All You Need To Know About ENFIA Property Tax In Greece
- by XpatAthens
- Tuesday, 21 January 2025
ENFIA, introduced in 2014 through Law 4223/2013, is a Uniform Real Estate Property Tax applied annually to all real estate located in Greece. It applies to individuals, legal entities, and other entities, and is assessed as of January 1 each year.
The tax covers various real estate rights, including full ownership, bare ownership, surface rights, and exclusive use rights for parking spaces and other areas such as swimming pools.
When purchasing property in Greece, an E9 form is required. This form lists all real estate owned and is used to calculate the ENFIA assessment, which determines the taxable amount. The tax consists of two components: the main tax and the supplementary tax.
What Is the Main ENFIA Tax?
This tax is calculated based on factors such as the property’s location, size, use, age, floor level, and other criteria. It typically ranges from €2.5 to €16.25 per square meter. When buying property in Greece, it’s important to consider the ENFIA tax payable to avoid unexpected financial surprises. For instance, a penthouse and a first-floor apartment in the same building may have vastly different tax amounts, even if they share the same location.
What Is the Supplementary Tax?
The supplementary tax applies to legal entities only and is 5.5% of the property’s value—a significant amount. However, this is reduced to 1% if the property is used for business purposes, such as a warehouse for a plumbing company storing supplies and serving clients.
The supplementary tax applies to legal entities only and is 5.5% of the property’s value—a significant amount. However, this is reduced to 1% if the property is used for business purposes, such as a warehouse for a plumbing company storing supplies and serving clients.
In addition to ENFIA, there is also a property transfer tax of 3.09% when purchasing property. Some exemptions or deductions may apply depending on age and income.
You will be notified about your ENFIA tax assessment through the Independent Authority for Public Revenue (AADE). It’s important to include ENFIA and other taxes in your budget and decision-making process when purchasing property. For example, a property valued at €250,000 could cost €275,000 after accounting for taxes, including the property transfer tax.
When Do I Have to Pay the ENFIA Tax?
Once you receive your ENFIA tax bill, you have two options:
- Pay it in full by the end of the month in which you received the tax assessment.
- Pay it in 10 monthly installments.
To transfer a property as part of a sale, the owner must provide an ENFIA certificate confirming that all ENFIA taxes for the past years have been paid and there are no outstanding debts. This ensures the property is free of any financial liabilities before transferring ownership. A Notary Public will verify this information.
How Can I Get an ENFIA Assessment?
Follow these steps to receive your ENFIA assessment:
Follow these steps to receive your ENFIA assessment:
- Own property in Greece: Whether you purchase, inherit, or already own real estate in Greece, you must file the necessary paperwork.
- Submit your E9 form: This form is submitted when you acquire property. You can complete it online through the AADE portal, but you must first register your details if you haven’t already.
- Complete the E9 form: Provide accurate details about the property, such as its location, size, age, and floor level. This information determines your ENFIA tax calculation.
- Receive your tax assessment notification: Once the E9 form is submitted, the system calculates your tax. You’ll receive a notification via email or through the AADE portal, detailing both the main and supplementary taxes.
- Pay the ENFIA tax: As noted, you can pay the tax in full or in installments.
We recommend reaching out early in your property purchase process to ensure everything is handled smoothly and efficiently. If you need assistance with your ENFIA tax payment, the team of experts at Tsaks Consulting is here to help.
General Comments about ENFIA
If you’re from abroad, you may already be familiar with property taxes similar to ENFIA. However, ENFIA is a sensitive topic for many Greeks, as it was introduced during the financial crisis. Some property owners have been forced to sell their homes due to an inability to pay the tax. While ENFIA may not seem substantial compared to a property’s value, it’s an expense all buyers should account for.
For those purchasing high-end properties, particularly in desirable locations, the ENFIA tax can be significant. This is especially true for houses compared to apartments. Understanding and budgeting for ENFIA is essential for a seamless property purchase experience.
If you need help with your ENFIA tax obligations or any other aspect of property and living in Greece, don’t hesitate to get in touch with us!
This content has been created in collaboration with our trusted partner Tsaks Consulting.