Archive for February, 2014
New tax law 4174/2013 brings changes in the way tax statements are submitted in Greece. Namely, as of 1/1/2014, the tax is calculated at the time of submission and finalization of the tax statement. That practically means that when the tax statement is finalized and a tax is assessed, at the same time a payment slip is issued, which must be paid only at the bank or Post Office (not the Tax Authority). Note that if the taxpayer realizes he made a mistake after submitting his tax statement, he must pay the tax due, resubmit the tax statement and then get a refund if necessary. Tax statements are submitted only online and the online system will begin to accept submissions (as is currently announced) on March 20, 2014. The deadline for tax statement submission this year is June 30, 2014. No extension has been announced at this point but may be granted.
In March of 2010, the Ministers of Finance and Environment, Energy and Climate Change signed a joined Decision, approving the Regulation of Energy Efficiency of Buildings. This Regulation now fully implements the Law 3661/2008 as amended by Article 10 of Law 3851/2010, regarding the Energy Efficiency of all Buildings. Based on the above legislation, starting January of 2011, before an owner of a property in Greece larger than 50 square meters can rent it, sell it or renovate it, a Certificate of Energy Efficiency will be required. For storage rooms and parking spaces such a certificate is not required. The areas of the building that have been legalized or regulated pursuant to legal provisions are included in the total square footage of the building.
This Certificate will be issued by the Energy Inspectors (private Engineers who have completed a series of special Seminars and are certified by the State as qualified to issue these types of Certificates, who will be included in a special Registry). These Inspectors will inspect the property and issue the so called “green Identity”, which will state the amount of energy the structure consumes and the actions/repairs required for the improvement of the energy efficiency. The required certificate will rate the property pursuant to an energy scale, similar to that of electrical appliances and will be valid for 10 years. Our office can assist all our clients who own properties over 50 square meters in Greece, through our network of qualified and certified Engineers and Inspectors.