Greeks had better prepare to dig deep in their pockets come September, as those dreaded bills are expected to be bloated. The Single Property Tax (ENFIA), which the current government promised to abolish will remain intact, as it’s goal is to collect 2.65bln Euros. Here is a rundown of what Greeks are expected to pay:
-Single Property Tax (ENFIA)
-Vocation levy
-Income Tax
-Solidarity Contribution
-Luxury Living Tax
-Road Taxes
More specifically, taxpayers will have to shovel out around 5bln Euros by December 31, 2015, while the 2015 Single Property Tax will be settled by February 2016. Individuals that filed their tax statements between July 19 or will file it by August 26 will have to pay their first instalment to the tax services by August 31, with the second and third instalments to be paid by September 30 and the end of November, respectively. Thousands of private sector employees will be required to pay more taxes in accordance to the law providing for a rise in the solidarity contribution tax for annual incomes over 30,000 Euros.
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