Court ruling on property tax levels could hurt future revenues

EconomyMacroeconomy Tags: MoF, Property, Revenues, Taxes
en_GB Photo by Harry van Versendaal
Photo by Harry van Versendaal

The Council of State has reportedly ruled that objective property values, which are used instead of market prices to calculate tax, should be adjusted within the next months. This could deal a serious blow to future revenues.

The last time objective prices were modified was back in 2007, even though the law requires an adjustment to be made every two years. Greece’s highest administrative court ruling suggests that the state’s failure to adjust objective prices since then is...

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