10 November 2011

EOT Licences


Most villa owners are aware that if they wish to let their property to tourists they must have an EOT licence from the tourist board, but many of them do not know the way to go about getting the information as to whether their particlar property qualifies for a licence and what costs are involved.

At Corfuhomefinders we have an EOT licence consultant who can advise owners if their property qualifies for a licence, the paperwork necessary to obtain one and the procedure which must be followed. In the past many owners who only let their properties for a short period of time did so without obtaining a licence. In the last year it has become obvious that EOT and the tax authorities are making a major effort to track down those people letting properties without a licence and fining them accordingly. If anyone would like to be referred to our consultant please call or email us for information.

As with many other things in Greece, there is little logic behind the reasoning for eligibility (or not) for the licences - wouldn't you think in the current crisis the authorities would be loosening the regulations in order for more people to license and therefore have a business which is paying tax and therefore contributing to the economy. Of course not. The regulations are complex, and in many instances totally illogical and stupid, which of course is no surprise. This is why we have someone to look at each property individually and assess the best way forward.
Diana