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The reduction in rents is completed only in cases where some companies remain closed (by government decision), the discount will continue, said a factor from the Ministry of Finance.
Next week, the finance staff will announce measures to support homeowners who have lost 40% of their rental income in March, April and May. According to the information, the government is focused on covering part of the damage suffered by this year’s tax returns, while in 2021 they will pay taxes only on the rents they received. According to a senior official from the Ministry of Finance, the reduction of rents is completed essentially only in the cases where some companies remain closed (by government decision), the discount will continue, although it is not excluded that some companies will receive support until September. The cost in charge of the finance ministry is estimated at 50 million euros.
According to information, the financial staff plan for landlords who collect 60% of rents provides:
• Horizontal coverage of part of the losses with the tax obligations of the second semester of this year. Specifically, they will have an income tax deduction and if the corresponding amount is not covered, ENFIA will also be “reduced”. For example, a store owner who rents 1,000 euros a month to a state company will receive 60% of the rent for March, April, and May, or 600 euros a month or 1,800 euros a quarter instead of 3,000 euros. provides for the contract. His losses amount to 1,200 euros. If, for example, the State covers 50% of the rents that the owners will lose, then for the previous owner there will be a discount of 600 euros, which will be deducted from the income tax. While the taxpayer (before compensation) received by the taxpayer amounts to 300 euros, he will not pay any income tax and the remaining amount of 300 euros will be deducted from ENFIA.
It is noted that landlords will be called in June to file a claim, in order for the Independent Public Revenue Authority to proceed immediately after compensation for income tax with the discount to which the landlord is entitled. Specifically, they will be asked to declare on a special electronic platform of AADE the loss of income they have and to pay the real estate lease with the receipt of the bank of the reduced amounts or the declaration presented by the businessman to “Ergani”.
• In 2021, when rental income is declared, the owner of the E2 form will only declare the income received. For example, if the monthly rent is reduced from 1,000 euros to 600 euros for three months, you will declare 1,800 euros for the three months, as well as 9,000 euros for the 9 months. A total of 10,800 euros will be taxed instead of 12,000 euros. The tax you will pay will be limited to 1,620 euros of the 1,800 euros you would normally pay.
Meanwhile, the statement by the Minister of Development Ad. Georgiadis, for lower rents through the end of the year, sparked a strong backlash from POMIDA, which said in a statement: “Outraged property owners across the country are not only unfairly offended, but also involved, and demand an end to your occupation, your income and property. “
A Treasury Department official ruled out reduced rents through the end of the year, noting that businesses are gradually opening and that the 40% discount is coming to an end. However, he did not rule out some that will not open for the program to continue. It should be noted that the cost of the State will amount to 50 million euros, while if it reaches the end of the year it would skyrocket to 300 million euros.
POMIDA in its announcement states:
1. The government has not taken any action in favor of the affected owners and has not allocated a single euro of the 24 billion of the various support packages that have been implemented so far.
2. A JMC has not yet been issued for the rent reduction process, there is no PNP for the May reduction, there is no platform for responsible statements from un-staffed professionals, with the result that most rent reductions they are currently arbitrary.
3. All we hear and read are cordial one-sided meetings / meetings of competent ministers with the plaintiffs to perpetuate the reduction in rents, with which our clothing is “undivided” undivided, without any involvement of POMIDA, and vague announcements. fair and obviously “intermediate” tax breaks, to meet the preconditions.
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