CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

Greek Inspectors Pose as Clients to Combat ‘Airbnb’-Type Tax Evasion

Greek Inspectors Pose as Clients to Combat ‘Airbnb’-Type Tax Evasion

The Greek authorities are trying to battle tax evasion said to be rampant among the thousands of owners of Airbnb-type properties.

Lacking a mechanism to monitor the short-term leasing of lodgings, inspectors have been doing random checks with the aim of identifying taxpayers that do not declare their extra income.

Greek media report that tax officers go undercover posing as guests-clients in a bid to establish whether revenues are declared.

At this stage the inspections are relying on the money deposited through websites such as Airbnb, Booking.com, HomeAway etc.

The finance ministry announced earlier in the week that a new electronic platform for Airbnb-type properties will come online in July.

Owners leasing property in Greece on a short-term basis will be required to register via the e-platform, subsequently filing particulars of each lease contract they sign.

The government has warned that severe penalties will be imposed on people who are caught trying to circumvent tax on Airbnb-type properties.

Revenue from the leasing of real estate in Greece is taxed from between 15 to a whopping 45 percent, depending on the overall income of the taxpayer declaring the income.

Source: http://greece.greekreporter.co...

MORE NEWS

Top Philippines news site and company chief face tax evasion charges

Top Philippines news site and company chief face tax evasion charges
A move by the Philippines Justice Department to charge investigative news site Rappler with tax evasion is being seen as a thinly ...

South African central bank fines HSBC for lax money laundering controls

South African central bank fines HSBC for lax money laundering controls
Nov 9 (Reuters) - South Africa’s central bank on Friday fined HSBC’s local business 15 million rand ($1.1 million) for weaknesses in its ...

Malta's Pilatus Bank has European licence withdrawn

Malta's Pilatus Bank has European licence withdrawn
Bank had been accused by murdered journalist Daphne Caruana Galizia of processing corrupt payments.A Maltese bank at the heart of a ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA