Top rental income tax rate may ease as of next year

Top rental income tax rate may ease as of next year

The government is mulling the reduction of tax on incomes from properties as of next year, as rates reach up to 45% for incomes as low as 35,000 euros per annum.

Among the ideas the Finance Ministry is considering is the addition of one or two more tax brackets in order to ease the huge burden imposed on rental takings for many landlords.

It is also possible that the top bracket (of 45% tax) will be abolished altogether and that rental earnings will be taxed according to the general income tax rates set.

Since 2010 property taxation has risen by some 600%, as on top of the rental income tax the Single Property Tax (ENFIA) has also been added.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.