The Independent Inland Revenue Authority announces the extension, until 30 September 2021, of the deadline for submitting initial/amendment returns:

1. Real Estate Lease Information from real estate lessors, subject to the termination of the lease agreement being declared by June 12, 2020.
2. Covid and/or Real Estate Lease Information from lessors/sublessors real estate in the event that they receive a relevant notice from the Tax Administration to correct their errors or omissions.
3. Covid and/or Real Estate Lease Information, for January through May 2021, from lessors/sublessors of real estate.
   

Responding once again to the proposals and continuous requests of POMIDA, AADE has announced that the deadline for submitting initial declarations and corrections of wrongful compensations of property owners as well as lease solutions is being extended until Friday, August 27, 2021.

Specifically, the decision A.1168/2021 with the which is an extension of the deadlines of par. 2 of article 9, par. 8 of article 11 and par. 4 and 5 of article 12 of the decision of the Governor of the Independent Public Revenue Authority under data POL.1162/2018 “Submission of Information Declaration of Real Estate Lease Details using an electronic method of communication via the Internet” (Β’ 3579). The decision provides for the following in detail:

Victims who needed assistance due to the corona virus were not only the tenants of properties, but also the owners of closed and affected businesses, housed in privately owned properties, for which unfortunately no tax relief was applied relief, which is why the leadership of the Ministry of Finance must look carefully at this issue and provide a solution even at the last moment, so that thousands of individual businesses are not burdened with large amounts of tax due to the private use of their properties. 

This was pointed out two months ago by the well-known accountant – tax expert Mr. Konstantinos Dim. Gravias, in his article on the authoritative portal www.taxheaven.gr, on which a question in the House of Representatives was based of SYRIZA, to which the AADE responded, declaring substantial incompetence.

With the decision A.1158/2021 of the Governor of AADE Mr. Giorgos Pitsilis, significant amendments are made to the basic POL.1162/2018 which regulates the issues of COVID compensations, and is satisfied series of requests by POMIDA, which were included in its letter dated 23.6.2021 to the Ministry of Finance and the AADE.

Among them, paragraph 2 of article 9 of the under POL.1162/2018 decision of the Governor of A.A.D.E. (B’ 3579) was replaced as follows:

Another request of POMIDA became a reality: With an as yet unpublished circular (E.2136) signed by the Governor of AADE, Mr. Giorgos Pitsilis on 5.7.2021,

strong>regulates the procedural matter of declaring the reduced rents for the year 2020, in only one, and not in 4 lines of E2, of the income tax returns.

With this circularregulates the procedural matter of the declaration of the reduced rents for the year 2020, in only one, and not in 4 lines of E2, of the income tax declarations,

Specifically in this circular it is stated that:“Especially for this year, only the total gross amount of the income from the rental, subletting, free concession and personal use of the real estate may be completed per property and per tenant, without requiring the completion in column 11 (11) of the monthly rent/subrent or an assumed amount corresponding to the private use or free grant of the real estate. … It is clarified that it is not required to submit amending statements for those already submitted.”

Detailed analysis of how natural property owners will be taxed on their reduced income in 2020 and 2021 (What they lose and what they gain) is published by the Scientific team of the tax hub TAXHEAVEN, quoting full tables with examples, and taking into account reductions per month, the applicable tax scale of independent taxation of rents and the reduction of the solidarity levy for incomes of 2020.

Two more requests of POMIDA were accepted by the Governor of AADE, Mr. Giorgos Pitsilis. The deadlines for declarations of real estate lessors have been extended until 31.1.2021 – for the submission of the Real Estate Lease Information Statements, initial or amending, for leases that were in force until June 12, 2020 – for the submission of a declaration of termination of the lease, in case which has been resolved until June 12, 2020. Also, the deadline for submitting a “Covid declaration” or the “Property Lease Information Statement”, for the months of March to August 2020, has been extended until 31.12.2020

With an amendment submitted to the Parliament by the Minister of Finance Mr. Christos Staikouras, one of the top POMIDA‘s requests. In particular, the amendment expressly states that “The amount paid to the accounts of the beneficiaries (…as a refund from a rent reduction from November 2020 onwards) does not fall into any category of income, is not subject to any tax, fee, levy or other reservation in favor of the State, including the special solidarity contribution of article 43A of Law 4172/2013, is inalienable and non-seizable in the hands of the State or third parties, notwithstanding any other general or special provision to the contrary, it is not bound and not offset against confirmed debts to the State, the legal entities under public law, the Local Government Organizations, the legal entities of the latter, insurance funds and credit institutions.”

With the decision E. 2184/2020 of the Governor of AADE Mr. Giorgos Pitsilis, important “Clarifications are given on issues related to the submission of the “Covid Declaration” for the months of March to and August 2020″, for the correction of errors in the declarations of this period, in order to complete the liquidation of these declarations and the offsetting return of the amounts to which the real estate lessors are entitled. This is also the reason why many lessors still do not see the return of these amounts in TAXISNET Personalized Information.  

We inform property owners who have problems with refunding amounts from the reduction of their rents that they can contact the competent services of the Independent Public Revenue Authority (AADE) in the following ways :