AADE clarified the tax treatment of short-term property rentals from 1.1.2024 - What will apply to individuals and legal entities
taxation
How the new system will work - Electronic application platform from October
How digital notifications will be communicated within 10 days - Double and quadruple fines in case you do it again
What to watch out for when you receive a notification from AADE
What changes are being considered & what those using bitcoin, mining, electronic "wallets" & other forms of electronic money should know
The receipts will be sent to the tax department for verification
Australia has the highest rate
The Mediterranean island has been an important destination for Russian entrepreneurs and firms
Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions
The goal is to locate property owners that lease property on a short-term basis without registering the lodgings on the tax bureau's special platform