AVOIDANCE OF DOUBLE TAXATION IN GREECE

Avoidance of double taxation in Greece

AVOIDANCE OF DOUBLE TAXATION IN GREECE

A) If they are subject to taxation for their universal income in a state with which Greece has signed a Convention for Avoidance of Double Taxation of Income, a certificate of tax residency, that is attached to the stipulated applications of implementation of the   Convention for Avoidance of Double Taxation of Income, except for the U.S.A and Turkey, , which countries issue their own certificate. 

REDUCTION OF PRICES OF REAL ESTATES 4q2012

REDUCTION OF PRICES OF REAL ESTATES 4q2012

 

According to the data given by the credit institutes, (1) the prices of apartments  are estimated to have been reducted down to 13,2 % in the 4th quarter of the year 2012 in comparison to the corresponding quarter of the year 2011 (in comparison to reductions rates of 10,2 % , 10,8% and 12,6% in the 1st, 2nd and 3d quarters correspondingly, according to revised data).  During the whole year 2012 the prices of apartments have been reducted down to 11,7% in comparison to 2011, during which the reduction came down to 5,5,%.

 

Rhodes EOT License for Property Owners

Rhodes EOT License for Property Owners

License granted by the greek organisation of tourism (E.O.T.) for the lease of touristic Villas or House in Rhodes Greece,

The new legislation regarding the Greek Organisation of Tourism, has new stipulations which make the procedure to get a license for the lease of a touristic villa easier. 

- The Special License for the Lease of the Touristic  Villa in Rhodes island Greece  is issued by the competent Regional Office of the Greek Organisation of Tourism,  with special reference to the case of existence of a swimming pool. The Special Permit is  issued without pre-approval within ten (10) working days from the submission of the above documents, provided that all the legal requirements are fulfilled. 

 

Greek Property Tax Declarations

Greek Property Tax Declarations
Greek property tax declarations : From the 1st of January 2014 and hereafter, for the formation, acquisition and any other alteration in the rights of ownership, partial ownership, usufruct, habitation and also in the rights of absolute usage of a parking space , auxiliary area and swimming pool which are situated in a shared part of the real estate and are subsequent to the above property rights, the taxpayer is obliged to submit a declaration of the details of real estate properties within 30 days from the date of the formation, acquisition and any other alteration of the above rights. Specifically, the declaration for the formation, acquisition and any other changes from the 1st of January 2014 until the 31st of May 2014 is submitted until the 30th of June 2014. Specifically, the declarations of details of real estate properties of the year 2014 , that are submitted in order for the property situation that existed on the 1st of January 2014 to be shown, are submitted until the 30th of May 2014.
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