Best Tax Lawyers in Mykonos

1. About Tax Law in Mykonos, Greece

Tax law in Mykonos operates under Greek national legislation that applies island-wide, including the Municipality of Mykonos. Individuals and businesses on the island file and pay taxes under the same national codes as the rest of Greece. Local regulations can affect property and tourism related charges, but the core rules come from national tax law and administrative practice.

Key tax concepts you will encounter on Mykonos include value added tax (VAT), real estate taxes on owned property, and income tax for rental and business activities. Tax compliance in Mykonos often involves real estate, hospitality, and short-term rental income, which are closely monitored by the tax authority. The island’s economy, dominated by tourism, makes accurate reporting and timely payment essential for staying in good standing with the tax authorities.

Tax administration is increasingly digital in Greece, with many filings and data exchanges conducted electronically. Taxpayers should be prepared to use online portals and electronic data submission to avoid penalties. Understanding the national framework is essential even when local authorities on the island issue notices related to property or business operations.

2. Why You May Need a Lawyer

• You own rental property in Mykonos and receive rental income that triggers VAT, ENFIA, and income tax considerations. A lawyer helps you classify income correctly and navigate deductions and reporting timelines.
• You are audited by the Independent Authority for Public Revenue (AADE) for tourist rental activity. A tax attorney can prepare documentary evidence, respond to inquiries, and represent you in discussions with the authority.
• You need to restructure a hospitality business for VAT compliance, including invoicing, bookkeeping, and preparing data for the myDATA reporting system. An attorney can coordinate with accountants and ensure accuracy.
• You own multiple properties on Mykonos and face real estate tax assessments or disputes on ENFIA. A lawyer can evaluate assessment notes, challenge calculations, and negotiate settlements.
• You are transitioning from local cash handling to formal tax reporting for a short-term rental enterprise or a restaurant. An attorney can set up compliant accounting, licensing, and reporting processes.
• You or your company are considering cross-border transactions with suppliers or partners in Greece. A tax lawyer can advise on VAT handling, withholding taxes, and cross-border compliance.

3. Local Laws Overview

Κώδικας Φορολογικής Διαδικασίας (Tax Procedure Code) - Law 4174/2013 governs procedures for assessing, collecting, and contesting taxes. It sets the rules for audits, notices, and taxpayer rights, and it is amended periodically to reflect administrative practice. This code frames how tax disputes are initiated and resolved on Mykonos and across Greece.

ΦΠΑ - Value Added Tax Code - Law 2859/2000 outlines VAT rates, registration thresholds, invoicing rules, and compliance obligations for goods and services. Greek VAT rates include a standard rate of 24 percent, with reduced rates for certain categories. VAT applies to many hospitality and rental activities relevant to Mykonos visitors and residents.

ΕΝΦΙΑ - Real Estate Tax Law - Law 4223/2013 introduced an annual real estate tax on ownership of property, including residential and commercial assets on Mykonos. The ENFIA framework affects property owners and potential assessments or adjustments after changes in property value or ownership structure. Recent amendments have refined how exemptions and valuations are applied.

Greece maintains a standard VAT rate of 24 percent, with reduced rates of 13 percent and 6 percent for selected goods and services. Source: OECD Greece Tax Policy, VAT in Greece.

Tax returns and related communications in Greece are increasingly filed electronically through the Taxisnet system and government portals. Source: Greece government portal, gov.gr.

4. Frequently Asked Questions

What is the basic tax I must pay on Mykonos rental income?

Rental income is taxed under Greek income tax rules, and VAT may apply if you are registered for VAT or exceed thresholds. You may also be subject to ENFIA if you own real estate. Consultation helps ensure correct classification and timing of payments.

How do I know if I need to register for VAT in Greece?

Registration is required if your taxable turnover exceeds the threshold for VAT or if you operate a business offering rental or hospitality services. A local tax attorney can assess your activities and confirm registration needs.

When is ENFIA due and how is it calculated on Mykonos?

ENFIA is assessed annually based on property value and ownership status. Calculation and due dates can vary with property changes, so a lawyer can review the assessment and identify potential reductions or exemptions.

Where do I file my Greek tax return for rental income from Mykonos?

You file electronically via the Taxisnet system or the relevant government portals. A lawyer can guide you through the online process and ensure all required documents are submitted.

Why should I hire a local tax attorney in Mykonos rather than using a general firm?

A local attorney understands island-specific issues, licensing, and the interaction with local authorities. They can coordinate with local accountants and respond quickly to notices or audits.

Do non-residents owe taxes on Greek rental income from properties in Mykonos?

Yes, non-residents earning Greek-sourced income may owe tax and may have reporting requirements. Professional advice helps determine residency status, applicable rates, and any double-taxation considerations.

Is tourism income subject to special taxes in Mykonos?

Tourism-related income, such as short-term rental and hospitality services, is subject to standard VAT rules and corporate or individual income tax. Special rules are applied where activities cross-border or involve multiple entities.

Can a tax dispute against the AADE be resolved quickly in Mykonos?

Tax disputes follow formal procedures and can take several months to years, depending on complexity. An experienced attorney can streamline evidence gathering and representation.

How much can I reduce my tax liability through deductions on rental properties?

Deduction opportunities depend on eligible expenses, depreciation, and local rules. A tax attorney can help you calculate legitimate deductions and plan for future years.

What is the difference between a tax audit and a tax penalty?

An audit reviews compliance and may lead to adjustments; penalties arise from non-compliance or late payments. An attorney can help minimize penalties through timely responses and negotiation.

Should I use a local attorney for my Greek tax filings in Mykonos?

Yes, a local attorney is familiar with island-specific issues, timely notices, and interactions with local authorities. They can tailor advice to your property, business model, and residency status.

5. Additional Resources

• Gov.gr - Official Greek government portal providing information on taxes and procedures. Link: https://www.gov.gr
• OECD Tax Policy in Greece - Independent analysis of Greek tax policy, rates, and reforms. Link: https://www.oecd.org/tax/
• European Commission Taxation and Customs Union - EU guidance on VAT and cross-border taxation relevant to Greece. Link: https://ec.europa.eu/taxation_customs/home_en

6. Next Steps

1. Define your tax matters on Mykonos by listing rental activities, property ownership, and any cross-border transactions. Set a realistic timeline for onboarding a lawyer.
2. Gather all documents: property deeds, previous tax returns, rental contracts, invoices, and notices from AADE or tax authorities. Have these ready for the initial consultation.
3. Identify potential lawyers with Greece tax experience and island-specific exposure to Mykonos properties and hospitality businesses. Look for experience with VAT, ENFIA, and real estate taxation.
4. Check credentials and practice focus: confirm they are licensed to practice in Greece, and verify their familiarity with Greek tax procedures and the Taxisnet system.
5. Schedule an initial consultation to discuss fees, scope, and strategy. Ask about estimated timelines for audits, filings, and dispute resolution.
6. Request engagement terms in writing: scope of work, hourly rates or flat fees, retainer, and expected communication cadence. Clarify potential additional costs.
7. Decide and sign the engagement letter, then provide all requested documents. Set up a communication plan for regular updates and document sharing.