Deputy Prime Minister Evangelos Venizelos announced a one-month extension to the deadline for paying the first installment of the new single property tax (ENFIA). Mr. Venizelos said that more time was needed to correct problems noted in the application of the new tax and its charging system. The original payment deadline was August 29, however taxpayers complained of being overtaxed due to errors and omissions in the calculation of property values.

Greece’s Finance Ministry is expected to issue an official statement today confirming the one-month extension. Other changes concern a different approach to the way that property values are estimated, especially in cases where the value was deemed much higher than the actual amount.