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Reduced tax on the purchase of real estate to 3%

After heated debate, the Greek Parliament adopted a new law on the single tax on real estate, which will apply from 1 January 2014. The new tax will replace the two previous collection – a traditional tax levied through utility bills, and introduced in 2011 an extraordinary property tax, included in the bill, which exhibited the state electricity company (DEI). Under the new law will be subject to tax all types of real estate, almost without exception. The amount of tax will depend on the area of ​​the property.
Tax on the purchase of real estate under the new law reduced to 3% ,from 8-10% of the earlier. This is done to attract more buyers and real estate investors in Greece.

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