AADE is proceeding with a new registration of all real estate in the country, creating a new one electronic file with detailed information on the real estate owned by over 7 million taxpayers. It’s about “Register of Property Ownership and Management”which will include the data of the electronic “Inventory” created by AADE based on the E9 declarations of natural and legal persons.
The Registry will even include information about the properties such as whether they are leased or freehold; the monthly and annual rental amounts, the details of the tenants.
According to the updated plan of AADE, ‘Big Brother’ for real estate will be ready in September 2024 and will come to tighten the rope around the taxpayers who deliberately show a smaller area in E9 than the real one in order to pay less ENFIA and smaller taxes and fees (presumptions, municipal fees, TAP).
The inspectors of the AADE will acquire a new electronic weapon as they will monitor and locate more easily all real estate and real rights (full or small ownership, usufruct etc.) that exist in them both for the areas that are within the city plan and for those that are are out of the plan.
The Property Ownership and Management Register (MIDA) will contain the following information:
The data of the electronic “portfolio” that has been created with the E9 declarations of natural and legal persons, which will be transferred, without the intervention of taxpayers. The property owners will check and if there are any discrepancies they will correct them, without penalty.
The information on the leased properties obtained from the AADE electronic platform for rental properties as well as the E2 form of the tax returns.
The electronic folder
With the new electronic file, AADE will be able to directly cross-check the properties declared as rented and the amounts of rent collected and declared by the owners and tenants. The Property Ownership and Management Register will be updated automatically every time a lease information statement is submitted by a property owner and accepted by the tenant of the same property and every time an owner declares the termination of the lease of a property
The Registry will be linked to the electronic file of income tax returns of natural and legal persons so that the incomes obtained by the owners from the exploitation of their real estate are pre-filled by the AADE in forms E1 and E2 of their tax returns, while the expenses of the tenants for rent payments to be pre-filled in their own E1 forms.
Source: ot.gr, newsbeast.gr
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