I know this has come up before but maybe the legislation has changed in the meantime. What is the difference between annual tax declaration and property tax? When are these due? Should one be paying both? I not work on the island.
Should I be depositing funds into a bank account for one or both of these.
Any help would be most welcome as I am hopelessly confused.
Message posted by GUV1 on 23 February 2011 at 7:09pm - IP Logged
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If you have a property you should submit an annual tax return on which property tax will be included. Your accountant should be doing for you next month. Late submission is a fine - double the return!
Message posted by jrk on 23 February 2011 at 8:43pm - IP Logged
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I do not have an accountant. The lawyer said that it would be organised by them as part of the original fee. I was concerned since the lawyer was never very communicative and English not that good. Also reading posts on this forum made be uneasy somehow. However the estate agent was sure that it would be all taken care of and this relaxed me. So, I sort of let it drift.
With this year's tax returns coming up, I started to think about it again. But I still cannot seem to obtain a reply by e-mail from the lawyer (it is the correct e-mail address, by the way). And I not have been much money in the Greek bank account and I seem to remember that you are required to transfer a certain amount money from the UK to Greece every year. If that is so, I need to do that very soon presumable. But I know not how much should be transfered. And how do you obtain the pink slips from the Greek bank for the tax people when one is in the UK. Can an accountant access clients accounts. I guess the lawyer has all the paperwork from last year.
Message posted by Lavinia on 24 February 2011 at 12:13am - IP Logged
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My accountant told me last year that "pink slips" were of no use and asked for a dilosi (statement) from my bank showing how much money I had imported from abroad. This was provided free and within two days by my bank (FBB). I thought the tax returns had to be in by the end of June, but I may well be wrong.
Message posted by Linda2 on 24 February 2011 at 2:00am - IP Logged
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Pink slips are of no use if you are resident. The tax form you will be submitting is for 01.01.10 to 31.12.10 so you cannot impact on that now. I would recommend you get someone from this board to recommend you an accountant you can access from the UK - they are not expensive - maybe charge you 50E for a basic return. I do not know the actual deadline - our accountant has our stuff in March, but the deadline may well be May plus.
Message posted by Polly-anna on 24 February 2011 at 8:50am - IP Logged
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Not true pink slips are important. But you'll need them for 2010 any you get now will be for next years tax return. Sidari has a good accountant Yannis Mouzakitis tel 2663099015. Speaks English and is used to dealing with non Greeks.
Message posted by corfuwolves on 24 February 2011 at 2:14pm - IP Logged
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We are in Corfu now to sort out our annual tax return. If you have a joint bank account (as we do) make sure that the pink slips have both names on them- we have just had to get ours re-issued by our bank (Alpha bank) because only in one name! Also the money transfer dates must be specific, again ours only said 2010 so had to be changed to the specific dates.
Message posted by jrk on 24 February 2011 at 4:35pm - IP Logged
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I gather that anyone with a pool of what ever size, has to transfer 12000 euros per year to Greece. If it is only a holiday place, what is the point even if you can afford it?
What happens if you cannot transfer 12000 euros?
Message posted by Elliemay on 24 February 2011 at 4:43pm - IP Logged
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Hi jrk,
I really think you need to get an accountant.
One that many people I know use is in Acharavi above Freddos and they do speak English.
Didn't you ask this same question last year?
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