Greece's new digital property registry MIDA starts operating with agricultural lands
Key Points
- The MIDA system is initially being launched with agricultural lands to ensure the correct distribution of October agricultural payments.
- Cross-checking will be conducted by combining E9 declarations, National Cadastre, and OSDE data in a single digital system.
- With the system's expansion to all real estate, taxpayers will be given 8-10 months for corrections.
- Fines ranging from 500 to 1,000 euros will be imposed on those who submit late or incorrect property declarations.
By the Numbers
The new digital Property Registry and Management System (MIDA) of Greece's Independent Authority for Public Revenue (AADE) is starting operations in the coming days with agricultural lands. The main purpose of the system is to ensure that agricultural subsidy payments to be made in October reach the rightful beneficiaries through checks carried out via MIDA.
MIDA will consolidate real estate data declared by taxpayers in their E9 declarations, integrating it with the National Cadastre and OSDE (Agricultural Subsidies Organization) into a single database. By identifying discrepancies between different records, it is planned to prevent deficiencies in declarations and unjustly received subsidies. Thus, the real ownership status of property owners will be clarified.
Following the agricultural lands, the system is planned to be expanded to cover all real estate. Taxpayers will be given a period of approximately 8 to 10 months to check and correct their records. Fines starting from 500 euros will be imposed for late or incorrect declarations, and for unjustly received support, this fine can go up to 1,000 euros.
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Frequently Asked Questions
- What is the main purpose of MIDA in its initial phase?
- The main purpose of the system in its initial phase is to guarantee that agricultural support payments in October reach the rightful beneficiaries by comparing E9, Cadastre, and OSDE data.
- How much time do taxpayers have to correct their real estate data?
- Following the expansion of the system to all real estate after agricultural lands, taxpayers will be given a period of approximately 8 to 10 months to check and correct their records.
- What is the sanction for providing an incorrect or late declaration in the new system?
- A fine of 500 euros will be applied for late declarations, and a fine of 1,000 euros will be applied for incorrect declarations that lead to receiving unjustified payments or subsidies.
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