The Tax Requirements For Buying Properties in Greece
Posted by | Posted in Home Buyers, Real Estate & Properties | Posted on 17-11-2008
Law in Greece is specific on the transactions made by foreigners like buying a house. AFM or Ah-Fi-Me is the tax roll number that every foreigner should have for any transaction on mainland or. Not that the Greek citizens are exempt from such laws. The best part of it is that you are not required to be a Greek citizen or carrying a residential permit to make transactions on properties. You need not run from pillar to post to get a certificate. It is centrally issued from the city of Athens by the issuing Ministry.
The next tax requirement for such transactions is Pothen Esches. This is mandatory whether you buy property in mainland or peloponnisos or Dodecanese You have to establish beyond all reasonable doubts that the money you are investing is your own. You have to prove also the source where from you received the money. If you have transferred money from your own country and converted it into another currency, you must show the receipts in support of such conversion and transaction to the taxation authorities. Bank statements for proofs would be sufficient for the purpose.
Finally there is the tax payment structure of Greece. The buyer is liable to pay the transfer tax before any purchase is made. You will further be making a declaration of taxes for property tax. You will be paying the annual tax for the property as well. The good news for you is that you may get a tax exemption if it is your first home.
