Until March 1st, the Ministry of National Economy and Finance extended the deadline for submitting an application for the discount of up to 10% in this year’s ENFIA, on the myPROPERTY platform of AADE, which expired today (22/2)
According to the AADE data, until yesterday 344,000 applications had been submitted to the myPROPERTY platform. Of the applications that have been submitted, 19,098 are pending while approx 261,000 applications have been approved as the property identification number (ATAK) was identified with the insurance policy. This means that the owners of the specific properties (ATAK) will see in the ENFIA settlement statement that the tax is reduced by up to 10% compared to last year.
The rest of the applications need minor corrections which will be made by the tax administration and then, if there is no reason for rejection, they will receive the green light to calculate the discount.
The applications that were “cut”
Four out of ten applications were “cut” from the discount of up to 10% to ENFIA as the residence was either not insured for both earthquake and fire and flood or the insured value was less than 900 euros per sq.m.
Based on the law, if the duration of the insurance is less than one year, the reduction of the ENFIA is adjusted proportionally. Thus, for 12-month insurance, the tax is reduced by 10%, for 9 months the discount is 7.5%, for six months it is limited to 5% and for three months to 2.5%, while no reduction applies to homes insured for a shorter period of three months a year.
After the applications of the property owners have been completed, the insurance companies will then have to confirm the information listed, reports ot.gr.
This year, those who have insured their properties at the same time for all three risks due to natural disasters are entitled to a discount of up to 10%, i.e. earthquake, fire and flood, while the insured value must be at least 900 euros per sq.m. of the main and auxiliary spaces listed on the same line of E9, have the same ATAK and their areas are added together when calculating the reduction. No discount is granted for an individual accessory building that appears alone with a separate ATAK in E9.
In the case of co-ownership, the policy holder must declare the VAT number of the other co-owners who will be notified via a message in their digital inbox in myAADE and also in the email that has been declared, so that they can also submit an application and associate the insurance policy with their insured residence.
When the insurance policy does not appear on the AADE platform or not all coverages for natural disasters are listed or the information listed is incorrect, the policyholder should contact the insurance company in order to send the policy to AADE or proceed with the necessary corrections.
Block of flats
In the case of apartment buildings where all the apartments have been insured with a single policy, the policyholder must declare all the co-owners’ tax identification numbers on the platform and do this procedure separately for each one.
If the beneficiaries find errors, gaps or omissions in their initial declaration, they have the possibility to correct them with a new amending declaration, while they can be informed about the processing stage of the application as well as about the acceptance or not of the granting of the reduced ENFIA.
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