The General Secretary of Public Revenue is looking into online rentals which have gone by unnoticed and have deprived the Greek state of hefty sums of revenue. Probes began in July at popular tourist destinations, including Halkidiki, Kavala, Mykonos, Santorini, Rhodes and Crete, where inspectors crosschecked Internet bookings and rates.
Tax evasion is common in the tourism sector, particular as a result of the sharing economy and online booking. Indicatively, in July government auditors uncovered discrepancies between declared and estimated income to the tune of 4.5 million euros and in many case no tax declaration, “vague” data on tax return forms or lacking accounting books.
In the meantime, Greek tax authorities are calling all parties letting their properties through rental companies like Airbnb to proceed with the legal requirements or face the consequences.
The General Secretary of Public Revenue is expected to examine Greek Tourism Confederation (SETE) and foreign tour operator date to establish a complete picture of the tourism industry.
The taxman’s message is clear: “Declare or pay the price”.