The cord is tightened for them property owners who evade declaring income from short term rental in tax service but also for owners who have not registered their property in electronic platform AADE as well as obtaining a registration number. The audit engine initiates electronic checks and cross-checks of owners’ tax returns using data received from Airbnb platforms as well as Booking.com but also from banks (credit cards and bank accounts) to establish whether the total income received in the previous year has been declared.

At the same time, with the help of special algorithms, auditors control social networks, mainly facebook as well as Instagram, as in the past, they found that many deductions were made without declaring income on the tax return and not even at the bank. Basically, AADE inspectors are looking for landlords who have uploaded their short-term rental properties to social media. They will check if deductions have been made and of course if the price paid has been declared to the tax office. If they are found not to comply with their tax obligations, both the relevant taxes and the corresponding penalties will be paid.

According to the Ministry of Finance, owners and managers of real estate such as Airbnb, who have not declared property registration number (AMA) on online short-term rental platforms where properties are booked or misrepresented about their property.

In cases where it is found that properties have not been declared in Register of short-term accommodation objects or they have been posted on digital platforms without a visible short-term property registration number (AMA), or a special operation mark (ESL), or a unique notification number (MAG), then the details of the properties and managers are sent to the DOW. The tax office will impose penalties on all of them after calling them to comply.

It is noted that all data will be crossed with data received by AADE from the platforms Airbnb, Booking.com and VRBO of the Expedia group based on the cooperation protocol signed by them. In cases where it is determined that the property has not been declared in the short-term property registry or has been posted on digital platforms without clearly indicating the short-term property registration number (AMA) or special operation mark (ESL) or unique notification number (MAH), then the details of the objects and the “Managers” are sent to the preschool educational institution, and the owners are called to the tax office to give explanations.

Cross-references with data provided by platforms and bank account movements are under the microscope and undeclared properties.

In previous years, over 20,000 short-term rentals (Airbnb, etc.) were identified that were not listed on the online registry. In fact, the AADE Commander urged owners and managers to proceed with the declaration of property and income for the two years 2018-2019, noting that they will be identified and they will be asked to pay taxes prescribed by law and law. the corresponding penalties. The tax administration is already doing complex new crossovers with data received from credit institutions, as well as from cards such as PayPal.

Under current legislation, the fines that will be levied on offenders will range from 5,000 euros to 20,000 euros and will relate to the following:

• Lack of registration in the short-term residence register.

• Non-obvious mention of the registration number in the register of short-term residence property when posting “Property” on digital platforms, as well as on any other means of display.

• Non-obvious indication of the number of a special operational sign in the placement of “Property” on digital platforms, as well as on any other means of display, by “Managers” for which there is no obligation to register in the short-term register of temporary residence property.

The fine provided for each violation is 5,000 euros, which is doubled (10,000 euros) for the second violation. For each subsequent violation, starting from the third, in the same year, a fine of four times the amount originally imposed, i.e. 20,000 euros, is levied.