Property owners: who should rush to Taxisnet by 15 February

Last chance gives the tax office in thousands property owners where lease real estate in order to update electronically the lease contracts. The owners real estate have until 15 February to do so without penalties and fines, to declare leases which have expired or have never been declared to the tax office.

What they need to do is, through the online platform of AADE, to proceed with the declaration of old leases, prior to 2014. Also, leases that have been tacitly renewed, even those that have expired, must be declared. According to the tax administration, by February 15, landlords will have to:

• Submit a declaration for an old lease contract, which was concluded before 2014, was in force on 12 June 2020, has been implicitly extended or a term has been changed and the relevant declaration has not been submitted electronically in myTAXISnet. The declaration is submitted without penalty and includes information valid on 12 June 2020.

Η the lease information statement will include all the basic elements of the old contract, i.e. the names and VAT numbers of the contracting parties (lessor and lessee), the agreed monthly rent, the date of entry into force of the contract and the expiry date, if any. If leases are for an indefinite term, property owners are not required to provide any expiration date when completing the lease information returns online.

• Submit a termination declaration for any lease that has been declared electronically at any time and has been terminated by 12 June 2020. If these declarations are not submitted, then the leases will be deemed to be still in force.

In each case of commencement or termination of a contract for the lease of real estate, the owner (lessor) is obliged to declare this fact by submitting electronically to the system TACHISnet a declaration of the start or end of the lease by the end of the following month. If the lease expiry is not declared, then the lease agreement (the lease) is deemed to be in force.

It should be noted that the leases contracts shall be drawn up in writing and subsequently submitted to Online on the platform of AADE. Lessors of immovable property are required to declare all information on initial or amended leases by the end of the month following the commencement of the lease or the date on which the lease is amended, regardless of whether it is a written or oral agreement. In the event of termination of the lease, the Lessor shall be required to declare the termination thereof by the end of the next month from its termination, otherwise the lease agreement shall be deemed to be in force.