Government pondering ways to support landlords

The Finance Ministry is considering measures to support property owners forced to contribute toward supporting enterprises and workers through the temporary reduction of their rents by 40 percent. Some of the measures may apply from this year.

Speaking on Mega TV on Wednesday, Minister Christos Staikouras said the government will soon announce its initiative for supporting landlords. He said what is currently being examined is whether that will apply in 2020 or be activated with the tax declarations of 2021.

Staikouras did make it clear that taxpayers who see their rental incomes shrink this year due to the pandemic measures will be asked to submit a special declaration of losses on the online platform of the Independent Authority for Public Revenue, to account for the rent they have not collected and provide a receipt for the payment of the reduced rents.

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