The Ministry of Finance announced today (Circular 1162/2012) that the deadline for submitting the form E9, a form where changes in the real property of a person are reported, is extended up to 30 November 2012.
The Ministry of Finance issued a circular providing guidance regarding the application of the provisions on the Energy Performance Certificate that is now required to be issued for all leased real property in Greece.
According to Circular No. 1018/13-1-2012, the Energy Performance Certificate of any building larger than 50 square meters that is leased, wholly or partially, for the first time. The Certificate is required by the Tax Offices in order to proceed with the registration of the lease agreement. Any lease agreement that is taken to the tax office after the 9th of January 2012 must be accompanied by the Energy Certificate (if it is a new lease agreement and not the renewal of an existing one).
The Certificate is issued by certified energy inspectors; a list of the certified inspectors is to be found at a special site of the Ministry of Environment, Energy and Climate Change at www.buildingcert.gr.
EEA: Exemption from real property transfer tax for the first residential real property in Greece is proposed to be extended to EEA citizens
The exemption initially granted only to Greek citizens, was subsequently extended to citizens of EU Member States, following an infringement procedure initiated by the European Commission (see the judgment on the case C-155/09, CJ 20 January 2011).
It is now proposed by the Government that this exemption is also extended to cover citizens of the European Economic Area, i.e. citizens of Norway, Iceland and Liechtenstein.
The proposal is included in a bill that was approved by the Government and will be discussed in the Parliament in the following weeks.
Submission of E9 form for 2011 and corrections to the real property individual registry
The Ministry of Finance announced today that the deadline for filing E9 form for FY 2011 is extended until 31 January 2012.
In the same time-limit taxpayers may log into the TAXIS system and make any necessary corrections to their individual real property registry.
The General Secretariat of IT of the Ministry of Finance announced that the electronic service for the submission of E9 forms will be available for the taxpayers on Monday, 5 December 2011.
Taxpayers will be able to use the enhanced service to describe in detail their real property and the ownership rights.
The deadline for the submission of this years E9 forms expires on 22 December 2011 (Circular of the Ministry of Finance 1189/6-9-2011).
Form E9 is the form in which taxpayers declare any changes in their real property. Form E9 for 2010 was initially set to be submitted, by using the electronic database of the Ministry of Finance, in June 2011. This deadline was moved to September 2011 and now it is moved again to December 2011.
The Ministry in its announcement states that the system is being currently upgraded and it will be able to offer many more options to the taxpayers in helping them accurately declare any changes in their rights on real property in Greece.
Source: Announcement of the Ministry of Finance (in Greek).
Special Tax on Real Property: guidance on the form of 2011 declaration and accompanying documentation
The Ministry of Finance issued a circular (Pol. 1156/21-7-2011) providing guidance on the form that is to be used for the 2011 declaration of the Special Tax on Real Property and the list of documents that the non-resident legal entities owning real property in Greece must file.
Acquisition of real property in Greece and suspension of "origin of wealth" declarations
The provisions of the income tax code that impose an obligation on the buyer of real property in Greece to justify the amount spent in purchasing the property and, in case of failure to do so, to pay income taxes on the amount that is considered as unreported income, are temporarily suspended. By a recent provision included in Law 3986/2011, the parliament, in an effort to support the real estate market in Greece, adopted the suspension of the application of these provisions, not only for the acquisition of first residential property, but for the acquisition of any kind of real property in Greece. The suspension applies as from 17-12-2010 and it will last until 31-12-2013.
The Tax on Real Property (Foros Akinitis Periousias - FAP) was imposed by Law 3842/2010 on real property in Greece that is owned by individuals or companies and applied from 2010 and forth. The relevant provisions were recently amended resulting in higher tax liability for the owners of real property in Greece.