ΑΑΔΕ has opened a hunt for fictitious rent

Tax service strengthens control over the rental housing market by launching automatic checks data that indicates landlords And tenants on your tax returns.

Happy New Year ΑΑΔΕ will be able to compare information on annual rental payments without the need to manually assign checks to each of the parties to the transaction.

Still ΑΑΔΕ in fact, I did not know whether the amounts declared by the owner and the tenant matched. Inconsistencies were identified only through targeted monitoring of specific individuals, which has already led to the detection errors and omissions in form codes E1related to the return of part of the rent.

Red flag system

As noted Καθημερινήwith activation Real estate ownership register the system will automatically “blush» in cases where the parties to the transaction declare different amounts. A similar mechanism will work when purchase and sale of real estate: If the seller and buyer indicate different prices, discrepancies will be detected instantly.

Moreover, the register will not be limited to recording inconsistencies. He will shape ready-made analytical data for tax inspectors, allowing them to draw conclusions about real rental and sales prices. For example, if the apartment is in Kolonaki area 50 sq. m with zonal price 4,250 euros per sq.m. m declared as sold for 80,000 eurosinspectors will begin an inspection, despite the fact that the tax was paid at an objective cost. Today such housing is for sale for more than 300,000 euroswhich means there is a suspicion of an “under the table” deal.

In such cases, they will check bank accounts, credit cards and possible money transfers. A similar approach applies to rentals: if rents are identified in the same area 300–400 euros per monthcontrol of property data and financial transactions of the owner is launched.

Numbers that don’t add up

According to official data, average rental costs were 210 euros in 2017, decreased to 189 euros in 2018 and again reached 211 euros in 2023. It is obvious that these indicators do not reflect reality and point to massive understatement of rental income.

For student housing average monthly rent increased from 154 euros in 2017 until 173 euros in 2023 – figures that also look frankly underestimated against the backdrop of market prices.

The end of cash and sanctions

WITH January 1 introduced ban on paying rent in cash: All payments must go through through the banking system. In case of violation of the law landlords will lose 5% tax discount on rental income, and tenants – the right to benefit in the amount of one monthly payment.

The economic department admits that the measure will not eliminate tax evasion completelysince the parties can agree on a lower amount in the contract and transfer the balance in cash. However, the authorities expect that multiple cross-checks of income and assets will allow us to identify first of all major cases of evasionand many will prefer to abandon gray schemes for fear of coming to the attention of the tax authorities.

30 euros for 119 sq. m

According to available information, cases have already been identified in southern suburbs of Athenswhere the rental is declared 300 euros for an apartment on the fourth floor, with a real market price of about 1,200 euros. IN Agios Dimitrios rent fixed 10 euros for 30 sq. m, in Ilioupoli — 20 euros for 133 sq. m, and in Halandri — 30 euros per apartment area 119 sq. m.

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