The “big eye” of the tax office will “infiltrate” real estate from September of more than 7 million taxpayers.

It’s about “Register of Property Ownership and Management”, a new database, which will also interface with the Land register. In said Register, the full details of the properties will be recorded, such as: area, location, floor, electrified, unfinished, vacant, co-ownership amount. But also additional information, i.e. whether they are leased or granted free of charge, the amounts of the rents and the details of the tenants. Whereas, the interface with the Land Registry will allow AADE to proceed with rapid cross-checks for undeclared properties, false information or undeclared rents.

The new folder will contain all its elements “electronic portfolio”, which has been created with the E9 declarations of individuals and legal entities, as well as the E2 declarations for real estate leases. The specific data will be transferred automatically, without the intervention of taxpayers.

These digital data will give the Tax Administration the ability to comparisons with the data of the tax declarations, with the aim of identifying owners who have concealed properties or have declared a smaller area in order to avoid ENFIA, income tax, presumptions, municipal fees, TAP, etc., or to avoid penalties for possible arbitrary constructions . At the same time, the Registry will be automatically updated every time a property owner submits a lease information statement that is accepted by the tenant, while it will also be automatically updated whenever an owner declares the termination of the lease of a property. Thus, AADE will have a complete and accurate picture of who and how much they collect from house rents.

According, moreover, to its executives AADEby linking the Registry with the electronic file of income tax returns of natural and legal persons, it will be possible for the incomes obtained by the owners from the exploitation of their real estate to be pre-filled by the Independent Authority in forms E1 and E2 of the tax of their declarations, and the tenants’ expenses for rent payments to be pre-filled in the form Q1.

At the same time, the data of the electronic Registry will be interconnected with the Land Registry. The data that will be drawn from the entries made in the Land Registry throughout the territory, will enable the AADE to be able to compare them with E9 and also with E1. As a result, it is checked whether the taxpayers have declared the properties they own and whether their characteristics, such as surface area, type, use, location, year of issuance of the building permit, etc., correspond to those that are registered in the cadastral services. Something that will enable express cross-checks by the auditing authorities to identify taxpayers who submit fictitious E9 returns in order to have tax exemptions, or to pay less tax than the real value of real estate, or to collect illegally social security allowances.