Laws, Regulations & Policy Taxman Knockin’ on Greek Hoteliers’ Door by GTP editing team 27 October 2016 written by GTP editing team 27 October 2016 1 comment Share 0FacebookTwitterLinkedinWhatsappEmail 13 Hoteliers across Greece as well as property owners active in short-term rentals are being crosschecked by the Greek tax authorities in efforts to clamp down on rampant tax evasion. The General Secretary of Public Revenue is looking into online rentals which have gone by unnoticed and have deprived the Greek state of hefty sums of revenue. Probes began in July at popular tourist destinations, including Halkidiki, Kavala, Mykonos, Santorini, Rhodes and Crete, where inspectors crosschecked Internet bookings and rates. Tax evasion is common in the tourism sector, particular as a result of the sharing economy and online booking. Indicatively, in July government auditors uncovered discrepancies between declared and estimated income to the tune of 4.5 million euros and in many case no tax declaration, “vague” data on tax return forms or lacking accounting books. In the meantime, Greek tax authorities are calling all parties letting their properties through rental companies like Airbnb to proceed with the legal requirements or face the consequences. The General Secretary of Public Revenue is expected to examine Greek Tourism Confederation (SETE) and foreign tour operator date to establish a complete picture of the tourism industry. The taxman’s message is clear: “Declare or pay the price”. 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 Bettany Hughes to Give a ‘Taste of Chios’ at WTM London 2016 next post Greece’s Astir Palace Sale A Done Deal You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 1 comment Christopher Wicks 31 October 2016 - 14:24 Interesting article. We have an EOT rental property business that works transparently, with all bookings accountable. We are closing the business in it’s current for as the total level of taxation makes it unviable. We are British. Our problem is illegal taxation by the Greek state of my UK police officers pension. It is protected from dual taxation by agreement dating back 60 years, but now the Greek state insists on levying a solidariy tax… So we are closing the business and will no longer be Greek tax residents. We will operate for a limited season with airbnb type bookings and pay the tax on this. However the rules under which we can do this are completely unclear… (so we will wait and see what to do) Reply Leave a Reply to Christopher Wicks Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
