Payment at Banks only for house rentals -What changes for landlords & tenants

The obligatory payment of the rent to a bank, either electronically or in cash, is planned by the financial staff in order to curb tax evasion.

According to Kathimerini, according to the plan of the Ministry of Finance, the tenant will deposit the rent indicated on the contract in the owner’s account. Otherwise, fines will be imposed on both.

The measure also benefits law-abiding owners, as deposits will show how many rents they have received and so they will not be required to either file and pay taxes for unpaid rents or assign them to the State to avoid taxation for non-existent income.

Of course, the measure cannot fully close the tax evasion window, as landlords and tenants can agree to have a smaller portion of the contract listed.

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