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General Secretary of Public Revenue rules out objective values review

The Ministry of Finances’ General Secretary of Public Revenue Haris Theoharis admitted in an interview on Athina 9.84 that a scheduled review of real estate objective values has been postponed for 2014, because any earlier change in prices would have a negative impact on the taxes collected.

Mr. Theoharis was blunt in his interview and further conceded that the objective values will not change because there is a serious risk that the government will not be able to meet its troika-mandated revenue goals. This is a departure from the Minister of Finances Yannis Stournaras’ rhetoric, who argued a review would see prices in impoverished areas rise, further harming vulnerable social groups

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