Feb 12 • 08:56 UTC 🇬🇷 Greece Naftemporiki

Measures for the 'capture' of rental income

The Greek government's economic team aims to significantly increase declared rental income to over 10 billion euros, which could provide substantial revenue for state coffers through new taxation.

The Greek executive is targeting the declaration of rental income exceeding 10 billion euros, a record that could lead to hundreds of millions of euros in additional taxes for the national treasury. This goal reflects an ongoing effort to improve fiscal health and create a more robust financial environment that could allow for permanent support measures for citizens. Historically, such high levels of declared rental income have never been achieved, highlighting the importance of this initiative.

To facilitate this goal, the Independent Authority for Public Revenue (AADE) is implementing a two-pronged approach set to take effect from April 1. This includes mandatory bank payments for rent to ensure transparency and accountability in income reporting and requiring property owners across Greece to declare how they utilize their properties. By ensuring all rental transactions are documented, the government anticipates addressing tax evasion more effectively while bolstering fiscal resources.

Moreover, these negotiated measures may be viewed favorably by European partners, aligning with broader European Union goals against tax evasion. The anticipated increase in tax revenues could play a critical role in defining Greece's future fiscal policies and could enhance the government's ability to manage public spending, especially in light of ongoing economic challenges and the need for sustainable financial support for citizens.

📡 Similar Coverage