Laws, Regulations & Policy Greek Authorities Target Luxury Island Villas For Tax Evasion by GTP editing team 9 September 2013 written by GTP editing team 9 September 2013 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 31 Greece’s Financial Crime Squad (SDOE) has revealed that owners of some 500 luxury homes on popular islands are leasing their property via the Internet without declaring income to tax authorities. SDOE said the owners of these luxury homes are mainly foreigners who live abroad and charge rent that sometimes amounts even to 10,000 euros a day. According to SDOE, the tax evasion is estimated to one billion euros. Such luxury homes are located on islands such as Mykonos, Santorini, Paros and Patmos. The practice of people renting out their property by the day to tourists is not new to Greek tourism professionals. The Hellenic Chamber of Hotels has repeatedly brought the situation to the attention of the Greek tourism sector since the illegal “hotels” affect both the Greek hotel industry and the state. According to reports, even in Athens and Thessloniki private homes are being rented to tourists by the day. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Athens Among E.U. Cities With Low Hotel Prices next post Greece is Sixth European Country With Cheap Hotel Rates This Month You may also like ECTAA: ‘EU Compass’ for Competitiveness to Strengthen Europe’s Travel Sector 31 January 2025 EU Launches Public Dialogue on the Future of European Auto Industry 31 January 2025 Greece Introduces Fines Up to €20,000 for Short-term Rentals Not Following New... 29 January 2025 Greece to Enforce New Rules for Short-term Rentals Starting October 1 20 January 2025 New Greek Tourism Bill Passed: Sustainability Measures and Rules for Airbnb-type Rentals 17 January 2025 Greek Hoteliers Sound Alarm Over High Municipal Fees 17 January 2025
