Airbnb refuses to disclose financial data to Greek Finance Ministry

13 November 2017
150 Views

Airbnb’s refusal to provide the Treasury Department with information on property rental in Greece is subject to a tax on owners who use the short-term online leasing platform.

According to information, despite the Finance Ministry’s repeated efforts to contact the company’s representatives and consult with its executives the California-based company, as well as other businesses (Novasol et al.), have displayed unwillingness to comply with the Greek authorities’ request for them to register and the VAT on each property listing, thus blocking the government’s plans to implement the country’s standing tax laws.

Legislation on medium-term leasings via digital platforms, such as Airbnb, had been passed last year by the Greek government and provided for a 12,000-euro cap on revenues accrued from such activities by private entities, as well as a time limit on the days properties could be rented out. The state was counting on receiving an estimated 48 million euros a year, but the money was put off for 2018.

You may be interested

Greece not in top 20 European destinations with highest rates of increase in arrivals for 2017
GREECE
shares47 views
GREECE
shares47 views

Greece not in top 20 European destinations with highest rates of increase in arrivals for 2017

Panos - Jan 19, 2018

Greece is absent from the list of top 20 destinations in Europe with the highest rate of increase in visitor…

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”
GREECE
shares46 views
GREECE
shares46 views

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”

Panos - Jan 19, 2018

At a time when the mainstream narrative is all about how Greece’s ‘best and brightest’ minds have been fleeing the…

Greek housing market still in decline
FINANCE
shares41 views
FINANCE
shares41 views

Greek housing market still in decline

Panos - Jan 19, 2018

2017 has not been a good year for Greece's housing market. In the third quarter of the year, property prices…

Leave a Comment

Your email address will not be published.