Greek tax bureau adopts “Portuguese model” to detect undeclared income from Airbnb-type rentals

19 December 2018
132 Views

Greece independent public revenues authority AADE is reportedly ready to employ the “Portuguese model” for locating property owners that lease dwellings via various online platforms but who don’t declare the income, naftemporiki.gr reports.

The tax bureau, made “independent” after demands by creditors as entailed in three memorandums, will ostensibly exploit a “search robot” to scan such platforms, the best-known and most popular being AirBnB.

According to recent figures and estimates, for the greater Athens area alone, properties up for short-term leasing on a specific website exceed 5,000, with the average asking price at 52 euros per overnight stay, and with the occupancy rate at 73 percent.

The goal is to locate property owners and managers that continue to lease property on a short-term basis – usually to foreign visitors and with electronic bank transactions employed – without registering the lodgings on a special platform inaugurated by the tax bureau this year.

A fine for failing to register property utilized for short-term leasing can rise up to 5,000 euros.

Source: tornosnews

You may be interested

Lotto results: 23/03/2019
GREECE
shares17 views
GREECE
shares17 views

Lotto results: 23/03/2019

Panos - Mar 23, 2019

The winning numbers from the Lotto draw are as follows:

SYRIZA EP candidate resigns after dead mother’s pesnion row
GREECE
shares52 views
GREECE
shares52 views

SYRIZA EP candidate resigns after dead mother’s pesnion row

makis - Mar 22, 2019

Myrsini Loizou, SYRIZA’s candidate for the European Parliament has announced she will resign after it was revealed by protothema.gr she…

The Hellenic Coast Guard forbids its members to sing any military songs or marches as it is accustomed!
GREECE
shares42 views
GREECE
shares42 views

The Hellenic Coast Guard forbids its members to sing any military songs or marches as it is accustomed!

makis - Mar 22, 2019

An unprecedented move was made by the commander of the Hellenic Coast Guard’s Underwater Missions Unit a few days before…

Leave a Comment

Your email address will not be published.