Feb 8 • 13:31 UTC 🇬🇷 Greece Naftemporiki

February with 3 Critical Dates and Traps for Taxpayers

Taxpayers in Greece have three important obligations to fulfill in February, including a potential discount on their property tax (ENFIA).

In February, Greek taxpayers face three significant responsibilities that require urgent action. One of the key obligations includes submitting an application to receive a discount of up to 20% on the ENFIA, the annual property tax. To qualify for this reduction, property owners must ensure their assets are insured against fire, flooding, and earthquakes. This discount applies for properties that have been insured for at least one year, emphasizing the importance of timely insurance coverage for tax relief.

Additionally, the deadline for submitting necessary information to the Short-Term Rental Registry maintained by the Independent Authority for Public Revenue (AADE) also falls within February 2025. This registry is crucial for monitoring short-term rental transactions and ensuring compliance with relevant taxation rules. Property owners who engage in short-term rentals must confirm that their details are correctly registered by the end of the month to avoid penalties and ensure they meet tax obligations.

Lastly, employers are required to send their employees' wages from the previous year to comply with the income reporting regulations. This step plays a vital role in the alignment of taxable income with the overall tax system in Greece, allowing for accurate assessment and taxation of earnings. Failure to meet any of these obligations may lead to financial penalties, thus highlighting the need for diligent tax compliance by all parties involved.

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