Short-term lease tak­ings to be taxed as nor­mal rental in­comes

Kathimerini English - - Focus -

their prop­er­ties via short­term rental plat­forms such as Airbnb and HomeAway will have their earn­ings taxed at the same rates as reg­u­lar rental in­comes and with­out hav­ing to pay value-added tax, ac­cord­ing to a cir­cu­lar re­leased by the In­de­pen­dent Au­thor­ity for Public Rev­enue. Own­ers who lease their prop­er­ties out to visi­tors for short pe­ri­ods will have to pay tax of 15 per­cent for an­nual rev­enues up to 12,000 eu­ros, 35 per­cent for tak­ings of 12,001-35,000 eu­ros and 45 per­cent for in­comes in ex­cess of 35,000 eu­ros, plus the sol­i­dar­ity levy. Own­ers will be able to de­clare their in­comes an­nu­ally rather than hav­ing to file each stay separately.

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