NEW PROVISIONS CONCERNING THE NON-COLLECTION OF REVENUE FROM THE RENTAL OF REAL ESTATE

You are reading page NEW PROVISIONS CONCERNING THE NON-COLLECTION OF REVENUE FROM THE RENTAL OF REAL ESTATE

The possibility of assigning uncollected income from the lease of real estate to the State was abolished, provided that the right of collection was acquired from 1.1.2015 onwards (art. 2 par. 5 of Law 4337/2015). However, with the provisions of art. 11 of Law 4346/2015 (Government Gazette A 152 20.11.2015) now provided that, from January 1, 2015, the income from the lease of real estate, which have not been collected by the beneficiary, are not included in his total income, if by the deadline for submitting the annual income tax return, an order for payment or an order for the use of the lease or a court decision for the expulsion or award of rents has been issued against the lessee or an action for expulsion or adjudication of leases has been filed against the lessee. These incomes are taxed in the year and at the amount proven to have been collected. The uncollected income is declared in a special code of uncollected income from rental real estate of the income tax return.