Friday's Final Thought: Music and Productivity

The AADE platform opens for those who lease real estate through Airbnb

In the final line for the activation of the electronic 
application through which all those who rent real estate through the Airbnb
platform will be invited to declare the residences they rent is
the AADE and is expected to open in March. Read the article of dikaiologitika.gr

More specifically, all those who rent real estate through 
the Airbnb platform will be required to declare them on
the platform of the Independent Public Revenue Authority.
Those who do not declare their properties will be faced
with fines of up to 5,000 euros.

 

Property owners will declare in the relevant application 
to whom they rent the dwellings and for how long.
Those who do not declare their properties will be faced
with fines of up to 5,000 euros.
Income from short-term lease of dwellings is taxed on
the tax scale of rents, ie income of up to 12,000 euros
with 15%, from 12,000 to 35,000 to 35% and from 35,000 euros
and upwards by 45%. The renting of houses and the provision
of the bed linen service are taxed on this scale

If the lessor offers other services, such as focusing and
others, then these services are taxed as income from
business activity, ie at a rate of 22 to 45%.

Penalties and fines

 

1. In case of non-compliance with the conditions for 
short-term lease of dwellings, an administrative fine
of EUR 5,000 is imposed on property managers.
From the discovery of the violation, the short-term property
manager is required within 15 calendar days to perform
the necessary compliance actions. In the event of
non-compliance with the conditions within one year from
the adoption of the fine, the fine is imposed twice,
and in the case of each subsequent infringement, four times
the amount initially imposed.

 

2. In case of failure to submit or submit an inaccurate 
Short-Term Statement, a fine equal to twice the rental
as displayed on the digital platform on the day of the
check is imposed on the property manager.

3. In the case of a short-term Short-Term Statement,
a separate administrative fine of EUR 100 shall be imposed.

4. In the event that the digital platform fails to respond
to the request of AADE regarding the provision of any
information necessary for the identification of the property
managers and the immovable property housed there,
fines of 250 or 500 euros depending on whether there is an
obligation to keep simplified or complete accounting
standards.