In the northeastern housing estates of the city of Erviv
In the “net” of the Independent Authority Revenue caught the first 55 homeowners who rent out houses through platform sharing AirBnB without declaring the relevant income, according to a report of capital.grOpos report, the auditors of the Principle of authorization emerged as customers looking for accommodation, as part of a pilot action. In some cases, they have made a reservation to find the exact address of the houses hired for tourists. They then checked to see if the owners declared their income in their tax return. Of the 55 who did not declare income and telephone informed the audit, 39 voluntarily went to the submission of initial and amending income tax returns declaring additional income from properties of approximately 921.163 euros. Indeed the declaration of relevant income arose and surtax over 200,000 evro.Oi controls will continue, while the Principle of authorization has already started correspondence with internetikes platforms in order to derive data for owners who rent out houses for the short term. The information, however, indicates that there is no particular willingness from the reporting platforms.
The first Airbnb owners who failed to declare their earnings from home-sharing practices were uncovered by Greece’s Independent Authority for Public Revenue (AADE) this week.
Under a pilot program aiming to weed out violators, AADE inspectors posed as customers seeking to rent out short-term accommodation via the Airbnb platform. The undercover inspections focused on central points in the Greek capital as well as on luxury options available on popular Greek islands. In some cases, AADE authorities even proceeded to book.
According to AADE, 55 proprietors who had not proceeded with the mandatory declaration of earnings from home-sharing services were notified of the violation. A total of 39 came forward and proceeded with corrections to their income tax declarations indicating additional property income of approximately 921,163 euros resulting in over 200,000 euros going into state coffers.
Photo Source: Airbnb, Inc.
It should be noted that all owners renting out their properties on home-sharing platforms are required by Greek law to declare earned incomes from short-term lease in 2017 on their E2 Forms (column 7).
For income up to 12,000 euros, tax is imposed at a rate of 15 percent. Takings between 12,001 and 35,000 euros will be taxed at a 35 percent rate; annual gains over 35,000 euros at a 45 percent rate. For those offering additional services on the side, the earnings are assessed as income from business activity and taxed at 22 percent for earnings up to 20,000 euros, 29 percent for yields between 20,001 and 30,000 euros, 37 percent for takings between 30,001 and 40,000 euros, and 45 percent for profits exceeding 40,000 euros.
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