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

19 December 2018
621 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

The National Interest: Why is Cyprus still divided? – Analysis
DEFENCE
shares68 views
DEFENCE
shares68 views

The National Interest: Why is Cyprus still divided? – Analysis

Panos - Apr 19, 2021

The division of Cyprus is fast approaching the half-century mark. In fact, that division has now lasted longer than that…

Research suggests ancient Greeks might have sailed to Canada
GREECE
shares17 views
GREECE
shares17 views

Research suggests ancient Greeks might have sailed to Canada

Panos - Apr 19, 2021

The ancient Greeks could have reached Canada in 56 AD – almost a millennium before the Vikings. This is according…

Condition in eastern Mediterranean dominated Dendias, Shoukry meeting in Cairo
GREECE
shares95 views
GREECE
shares95 views

Condition in eastern Mediterranean dominated Dendias, Shoukry meeting in Cairo

Panos - Apr 19, 2021

Greek Foreign Minister Nikos Dendias was cordially welcomed by Egyptian Foreign Minister Sameh Shoukry earlier on Sunday in Cairo. The…

Leave a Comment

Your email address will not be published.