Just wondered if anyone can throw light on some newly announced measures for car tax.
We have a Greek registered Mercedes 3 liter, 12 years old, and Greek friends who came to dinner at the weekend arrived all abuzz with some horrendous higher charges news on cars, including an"Extraordinary Contribution" that will soon apply. They said "OH... You must sell your car QUICK".
I was so busy in the kitchen and couldn't drop everything to get exact details. Conversation moved on to other economic woes and the latest property tax, made me forget about the "Sell your car quick" urge. Now its haunting me. I will ask our accountant, but would appreciate any further info out there?
Varvara
Message posted by thecorfiot on 22 September 2011 at 2:54pm - IP Logged
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Varvara - you are probably in luck. There is a special tax imposed on vehicles >1929cc as part of the austerity measures. For a 3L vehicle, the base charge is Eur 520, reduced by a proportion for older vehicles.
The good news is that private vehicles older than 10 years are exempt - zero tax.
Check with your accountant just to be sure, but the demands have been hitting post boxes for a couple of weeks now, so if you haven't had one, it looks good.
I viewed the link you kindly put - and could just about make out the English from the auto-translate function! Charges may not be so bad as my friends made out.
Cheers, thanks again.
Message posted by thecorfiot on 22 September 2011 at 5:35pm - IP Logged
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Quote: Originally posted by paulcrete on 22 September 2011
Varvara - you are probably in luck. There is a special tax imposed on vehicles >1929cc as part of the austerity measures. For a 3L vehicle, the base charge is Eur 520, reduced by a proportion for older vehicles.
The good news is that private vehicles older than 10 years are exempt - zero tax.
Check with your accountant just to be sure, but the demands have been hitting post boxes for a couple of weeks now, so if you haven't had one, it looks good.
=================== Snip===================
Er ... I think you will find that the passage you are reading refers only to vehicles for the disabled. Could be wrong though. It's a good link though.
Would someone who is more fluent than me check out the original article <a rel="nofollow" href= "http://www.autoblog.gr/2011/06/25/xaratsi-se-teli-kikloforias-kai-tekmiria-ix-fernei-o-efarmostikos-nomos/ ">HERE.</a>
Bob G.
Message posted by Varvara on 22 September 2011 at 6:01pm - IP Logged
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Thanks BobG for your replies, and pursuing this matter.
It seems everyone has to pay an "Emergency Contribution" on cars right away but no-one's mentioning it.
Still, its all better than the high costs in the UK for everything under the sun.
And Corfu's blue vistas keep the spirits up, eh?
V
Message posted by The Grocer on 22 September 2011 at 6:07pm - IP Logged
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The link refers (I think) to the PRESUMPTIVE tax. ie on your tax return. This has increased to 10400 euro for a 3 litre with a 40% discount for cars over 10 years old.
You will still get (if it has not arrived already) an additional backdated tax charge for 2010 tax year. I do not know what this is for a 3 litre but it was 234 euro for my 1997cc...
Message posted by paulcrete on 22 September 2011 at 6:10pm - IP Logged
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I'm pretty sure the exemption stands for all vehicles 10 years old, and it's just a quirk of the translation engine.
Running the key paragraph through another translator gives:
"Since the imposition of emergency tax exempt passenger cars for private use over the age of ten (10) years since first registration in Greece, and passenger cars for hire disabled people, which are exempt from road tax."
Paul
Message posted by paulcrete on 22 September 2011 at 7:54pm - IP Logged
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Here's a translation (Google) of the actual law (3986/11, article 30):
1. A special contribution to the amount of annual expenditure objective resulting from the ownership or possession of private cars, private yachts, aircraft, helicopters and gliders, as well as swimming pools, such as those resulting from the tax return year 2011.
2. The special levy to the amount of annual expenditure objective of the preceding paragraph shall be calculated analytically as follows:
a) For passenger cars over a thousand twenty-nine (1929) cubic centimeters, the special levy equal to the product of the annual cost objective by a factor of five percent (5%).
The imposition of emergency tax exempt passenger cars for private use over the age of ten (10) years since first registration in Greece, and passenger cars for hire disabled people, which are exempt from road tax.
b) Private yachts, the special levy equal to the product of the annual objective cost of the vessel by a factor of five percent (5%). It does not take into account the cost of the remuneration of the crew.
Since the imposition of emergency tax exempt motor vessels open type, fast or not, overall length up to six (6) feet.
c) For aircraft, helicopters and gliders, the special levy equal to the product of the annual cost objective by a factor of five percent (5%).
d) For tanks swimming, indoor and outdoor, the special levy equal to the product of the annual cost objective by a factor of five percent (5%).
The contribution of this article oikothen attested by the head of the tax office responsible for the taxation of natural persons under the securities certificate referred to in paragraph 1 of Article 74 of K.F.E.. To calculate the levy issued paycheck and a copy sent to the principal.
3. The deadline for the appeal or application for administrative resolution of the dispute and the litigation before the competent administrative court does not suspend the assessment and collection of debt arising from the provisions of paragraphs 1 and 2 hereof.
4. The levy imposed under the above provisions, certified and paid in accordance with the provisions of paragraphs 4 and 5 of Article 29 hereof.
5. By decisions of the Minister of Finance may set any required additional details and issues the process of implementing the provisions of the emergency levy.
A case of Mythos says Varvara is off the hook.
Paul
Message posted by JohnandHilary (Reborn) on 22 September 2011 at 8:23pm - IP Logged
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See my post in the 'Tax on all buildings thread' page 7.
The new emergency tax is asking you to pay an additional 5% on top of last years road tax fee. As well as 1% of your annual income albeit earned in Greece or brought into Greece from UK and is calculated from your 'pink slips '...double taxation as I understand it!!
J&H
Message posted by DCV on 22 September 2011 at 8:34pm - IP Logged
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We have to bring (pink slips) in about €12,000 this year or we will be taxed, now you are saying another 1% on top of that, double taxation what if you have filed double taxation forms with England?
Ray.
Message posted by Elliemay on 22 September 2011 at 9:04pm - IP Logged
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The motorist has always been an easy target for Governments worldwide wanting to raise revenue
Does anyone know if the proposed tax only apply to privately owned cars, or does it also apply to taxis, lorries and coaches?
I can see everyone looking in old barns, sheds and fields for those 3 wheeled scooter based pick ups that were so popular years ago and putting them back on the road.
Message posted by JohnandHilary (Reborn) on 22 September 2011 at 10:00pm - IP Logged
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It seems that life in Greece is moving backwards instead of forwards. EVERYTHING that seems to give people a reasonable standard of living is being cut to the bone. The politicians who created this mess get off scott free while everyone else pays the bills. The average person has to grit their teeth and accept that they are just pawns in a game of chess.
Message posted by Varvara on 22 September 2011 at 11:40pm - IP Logged
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It would cost me another £80 more plus to tax my Ford Focus in Corfu than it does in the UK plus the extra tax on top!
As for paying tax for not having enough money paid into your bank account that is just totaly ridiculous! Especially if you pay Tax in the UK on a company pension before the money is sent to your Greek bank account, then because it is not enough you pay more tax in Greece!!! Stupidity at its best.
Message posted by suffolk-steve on 23 September 2011 at 12:14pm - IP Logged
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Steve ... Another reason that people may well decide not to make their move to Greece for the time being! Why should you be taxed on Earnings/Pension there when you have already paid it in the UK? Its either one or the other.
Message posted by doug on 23 September 2011 at 3:56pm - IP Logged
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Have just received an email from our Accountant who says we now have to provide Pink Slips for a total of 18,000 Euros which is considerably higher than what we were told at Easter! Bearing in mind we have a small house (85 metre sq), no pool, no car etc and visit less than three months a year, can this possibly be right?
We do have a mortgage less than 500 Euro each month, but even then, there is no way that we need any where near 18,000 Euros to maintain the house annually!
Having already transferred sufficient funds to pay for the mortgage, utilities and general living expenses there is no way we can afford to transfer more this year and based on the current state of the banks (just found out ours has been downgraded), is it safe to transfer large amounts anyway at the moment?
Sadly, and against my wishes it looks like having to sit back and take a further 'tax hit' next year based on the 'difference' we cannot pay.
Message posted by jbtapscott on 23 September 2011 at 5:07pm - IP Logged
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I was told a couple of days ago by our accountant that I would need (based on current, ever changing, rules) to bring approximately 8,700 euro in to the country to meet the tax peoples requirements - this covers our house (80sq mt appx) and car (viz. no pool / aeroplane, etc etc).
Message posted by Dave and Kerry on 23 September 2011 at 6:12pm - IP Logged
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Remember that picnic we had sitting in the sand dunes beside the river Conwy??
Life was good then, and we want to be back there. I can't honestly with hand on heart advise you to go with your Corfu dream, it is a road with many potholes [both ways]
All the best ...J&H
Message posted by janmanessi on 23 September 2011 at 9:47pm - IP Logged
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Because I was working in UK and also renting a cottage out so income was high enough to pay. This has been checked out with accountants both here and in UK. I stupidly did not declare my Greek pension for three years after I started getting it as I thought as tax was paid in Greece I did not need to, but the UK accountant told me it had to be declared, and should always have been. I imagine that had I not had my other UK income I would not have had to pay tax as my income would have been below the level.
Imagine I will now have to declare my UK pension in Greece.
Message posted by Dave and Kerry on 24 September 2011 at 12:46pm - IP Logged
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John and Hilary ... funny you should mention the picnic I was looking at the photos a few weeks ago while I was looking for something, we were going to call while we were there last week but did not know if you would have been in.
We have put things on hold for now, though we still have the land. Food prices have risen again here while we were away so even though food prices maybe somewhat lower here they are still increasing.
Message posted by welshdragon on 26 September 2011 at 2:03pm - IP Logged
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I have just had to pay 270 euros on a Nissan Xtrail for the extraordinary contribution tax on cars. Does anybody know if this is a "one off" or will it be every year. My accountant said first that it would cover up to 2015 and then said it was every year.
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