The Ministry of Finance has announced the ENFIA real estate tax for 2016 will be payable in five installments, rather than four, with the first one due in September.

According to the Finance Ministry the government expects to collect the same amount via the ENFIA tax, therefore all rumors regarding hikes are false. The Ministry however noted that there is redistribution of the burden, with larger property expected to pay more, while smaller property owners will pay less. All exemptions from the real estate tax from last year will also apply this year.

Finally, the Ministry also announced that agricultural land will not be counted towards the supplementary ENFIA tax. The explanation given is that there tax payers made many mistakes in the relevant application forms and have been called to rectify them.