This article discusses important aspects of the E2 form for Greek tax returns that need careful consideration, particularly regarding income from rentals and short-term leases.
The article highlights the recent opening of the application for submitting this year's tax returns in Greece, with a deadline set for Wednesday, July 15. It specifically examines the E2 form, which automatically fills in rental income for the year 2025 for approximately 3.5 million property owners. Taxpayers have the option to amend any incorrect data reported by the Independent Authority for Public Revenue (AADE) and must provide documentation if discrepancies are significant.
Income from properties acquired in 2025 is subject to taxation from the first euro, with a 5% deduction recognizing expenses for maintenance, repairs, and other operational necessities for rented properties. The article breaks down the tax rates applied to this income: a 15% rate for the first €12,000 earned and a 35% rate for income between €12,001 and €35,000. These details are crucial for taxpayers to ensure compliance and optimize their tax responsibilities, especially given the scale of property ownership in Greece.
The implications of this tax reporting process underscore the importance of accurate record-keeping and timely submission, as errors could lead to additional scrutiny from tax authorities. With the approaching deadline, the article serves as a reminder for property owners to review their income details closely and be proactive in making necessary corrections to avoid complications in their tax filings.
