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

19 December 2018
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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

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