10 Jan The Ultimate Guide to Short-Term Rentals (Airbnb) in Greece for 2024
The short-term rental industry, widely recognized through platforms like Airbnb, is continuously evolving with new rules and obligations. This comprehensive guide provides all the essential information to help you understand the legal, tax, and administrative requirements for short-term rentals in Greece starting in 2024. Whether you’re a property owner, manager, or considering entering the short-term rental market, this guide answers the most frequently asked questions.
Definition and Key Distinctions in Short-Term Rentals
- Short-Term Rental Definition: A lease or sublease of up to 59 days exclusively for furnished properties without additional services (except for bed linen).
- Exclusions: Rentals exceeding 60 days or involving additional services (e.g., cleaning, catering) are categorized as long-term leases or tourist accommodations.
Obligations for Owners and Managers
- Registration: All short-term rentals, regardless of the platform, must be registered in the Short-Term Stay Property Registry maintained by the Greek Independent Authority for Public Revenue (AADE). An individual Property Registry Number (PRN) is mandatory.
- Segmented Rentals: For properties rented in segments (e.g., individual rooms), separate PRNs must be obtained for each space.
Tax Obligations
- Income Tax:
- Revenue from up to two properties is taxed as income from real estate.
- Revenue from three or more properties is taxed as income from business activity, requiring business registration.
- VAT:
- Individual owners with up to two properties are exempt from VAT.
- Companies and individuals renting three or more properties are subject to 13% VAT.
Additional Fees
- Climate Resilience Fee: A daily charge applied to all short-term rentals, remitted to AADE.
- Tourist Tax: Applicable only in cases of registered business activities.
Administrative Procedures
- All declarations and registrations are completed digitally via the myAADE platform.
- For rentals outside recognized platforms, the category “Other Platform” must be specified during registration.
Support from Karabela’s Office & Partners
For comprehensive assistance with the financial management and tax compliance of your short-term rental properties, the Karabela’s Office & Partners is your trusted partner. Specializing in real estate services, we handle everything from proper registration in the Short-Term Stay Property Registry to income tax submissions and ensuring compliance with all legal and tax requirements. Our expertise allows you to maximize your property’s potential without unnecessary stress or delays.
