End of time for the 10% discount to ENFIA for properties insured against natural disasters.
Today, March 1, 2024, the deadline for submitting home insurance declarations for reduced ENFIA, by decision of the Deputy Minister of National Economy Haris Theoharis and the commander of AADE Giorgos Pitsilis.
According to the decision, “in the definition of a new deadline, until March 1, 2024 (instead of 2/22/2024), for the submission, modification or correction of applications and the confirmation of the necessary data, as a condition for granting a reduction of the ENFIA to insured residences of natural persons for the current year, the Deputy Minister of National Economy and Finance Mr. Haris Theocharis and the Governor of AADE Mr. Giorgos Pitsilis proceeded with their joint decision.
How will you apply?
Those interested should enter the myAADE digital portal (myaade.gov.gr) with their personal Taxis codes and follow the path: Applications / Popular Applications / myPROPERTY / Reduction of ENFIA insured houses and after locating the insurance policies that have been declared in their VAT number to take the following actions:
associate them with their insured homes (own insurance)
- to declare the tax identification numbers of the co-owners, when there are more than one co-owner for the insured residence (insurance for own and on behalf of third parties)
- to declare the tax identification numbers of third parties who have a right to the insured residence, when they themselves do not have a right to it (insurance on behalf of third parties).
Taxpayers, who will be included in the application as co-owners or third parties, will be informed by means of an electronic mail message, which will also be posted in their personal inbox, in the route myAADE / Register & Contact / My messages. In order to be granted the ENFIA reduction, if the conditions are met, they must submit an application themselves, in order to associate the insurance policy with their insured home.
Citizens can be informed in particular, through the relevant list of Frequently Asked Questions & Answers as well as the User Guide of the new platform posted on the AADE website, as well as through the AADE Taxpayer Service Center: +30 213 162 1000, on working days and hours 07:30 – 17:00.
POMIDA’s “Guide” for the 10% discount
Guide to the 10% discount on LIGHT due to home insurance, the Panhellenic Federation of Property Owners (POMIDA) announced.
1. What are the conditions for the discount:
- The property must be insured against the risks of fire, flood and earthquake.
- The insured value should be at least 1000 euros/m2 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, excluding a significant number of insured owners. For 2023, the insured value should be at least 900 euros/sq.m. An individual accessory building that appears alone with a separate ATAK in E9 is not included in the deduction law.
Example for 2023: A 100 m2 residence with 20 m2 auxiliary spaces should be insured with (100+20)=120 m2 X 900 euros = 108,000 euros.
2. When the full discount is given:
To give the full discount the residence should be insured for 365 days. As long as she is insured for fewer days will be entitled proportional discount. A property insured for less than 90 days within the same year is not entitled to any discount.
Example: A property that adds flood and earthquake risks to an existing fire contract on 07/01/2024 will be entitled to a 50% discount (6 months) on the ENFIA of the reference year.
3. Declaration of co-owners:
The policyholder should declare them VAT number of the other co-owners, if any. These persons will be notified by message in their digital inbox in myAADE but also in the email that has been declared, so that they can also submit an application and to associate the insurance policy with their insured residence.
4. Solutions to special problems:
- My policy is not showing / not all coverages are listed in my policy / information is listed incorrectly. In these cases, the policyholder should contact the insurance company so that it can send the policy to AADE or make the necessary corrections. Anyway many insurance companies had not sent their statements to AADE while others have not sent them completed, or did not report critical coverages to receive the discount.
- If there is co-ownership and the contract is not detected, then the co-owner should contact the recipient so that he registers it on the platform as mentioned above.
- An invalid contract that has been reissued to the same or a different company does not appear in the system.
- A request must be made to the companies to send the insurance policies to AADE.
Example: Apartment building with 20 apartments is insured with a single policy covering all the apartments. The policyholder should declare with the aforementioned procedure all TINs of the co-owners. Because errors are very likely to occur, a statement of owners should be sent to the insurance company so that it in turn informs the AADE.
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