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rents: Changes in conditions in taxation rates, thoughts for additional rate

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The government will proceed to the tax scale, rationalization of leasing real estate, over time and that reduce the high tax evasion phenomena and revenues from rental properties increased…..

Noting that today the income from immovable property is taxed separately as follows:

• 0 – 12.000 euro 15%

• 12.001 – 35.000 euro 35%

• 35.001 Euro and more with 45%

The intentions of the economic staff is to implement an additional factor within four years, in the 20% or 25%.

There are however excluded to eliminate the relative scale and taxed income from rents the general income tax bracket.

The changes, however, in the taxation of income from rent will be discussed in the second phase and will not be included in the current bill to be tabled in Parliament soon.

Note that the rental income have shrunk considerably over the years of crisis, which is due to drop of rent prices, the increase of taxes on property and tax evasion.

The owners leased property declared overall for the 2017 amount of income 6,192 billion. euro, while the 2010 they had declared 8,87 billion. euro.

Taxes from 2010 up to 2015 increased by 600% more, while income decreased by the same time 32%.

, rents: Changes in conditions in taxation rates, thoughts for additional rate

According to data:

• The 2010 the State received from the taxation of real estate 487 million. euro, while as stated income amounted properties in 8,87 billion. euro.

• The 2011 real estate taxes reached 1,17 billion. euro, while the stated income decreased to 7,98 billion. euro (1.584.059 taxpayers had incomes from property).

• The 2012 real estate taxes amounted to 2,75 billion. euro, while income from properties amounted to 6,8 billion. euro.

• The 2013 real estate taxes increased further and reached 2,991 billion. euro, with the stated income to decrease to 6,22 billion. euro.

• The 2014 real estate taxes broke the barrier 3 billion. namely euro recovered 3,474 billion. euro, with the stated income limited to 6,08 billion. euro.

• The 2015 taxes on property amounted to 3,18 billion. euro, with the stated income to decline in 6,05 billion. euro.

• The 2016 taxes on property amounted to 3,53 billion. euro, with the declared income from real estate limited and reaches 6,1 billion. euro.

• The 2017 taxes on property stood at the same level, with the declared income from real estate to reach the 6,19 billion. euro.

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