Info on Short-term Tourist Rentals - Without opening a business

1. Needed requirements:

a. Owners are obligated to register their property to the tax office. A registration number is provided and must be shown on every internet platform/site (booking, airbnb etc) or any other advertisement means.

b. More than two (2) properties are allowed for registration only for companies.

c. The real estate properties are rented furnished without providing any other services apart from the provision of  bed linen.

2. Tax rates.

Income from renting your property will be taxed according to the real estate tax bracket which is:

Income	Tax Rate
0-12,000 €	15%
12.001-35.000 €	35 %
> 35.001 €	45 %

The tax authorities calculate a deduction of 5% from the overall income as general expenses of the property.

Rentals are excluded from VAT.

Precondition to be taxed according to the above is that the owner will not provide any other kind of services such as daily cleaning, daily change of bed linen, towels, safety services, breakfast etc. Only the provision of bed linen is allowed.

4. Climate Crisis Fee 

For every short-term rental stay during the period from March until October, environmental fee of 10,00€/per day is imposed for detached properties more than 80m2. For every other property, environmental fee is imposed at 1.50€/per day.

For every short-term rental stay during the period from November until February, environmental fee of 4,00€/per day is imposed for detached properties more than 80m2. For every other property, environmental fee is imposed at 0.50€/per day.

Climate crisis fees are collected from the guest and paid by the owner to the Ministry of Finance on a monthly basis for all previously monthly completed rentals..

 4. Short-term Residence Statement.

The owner is obliged to register each rental to the Greek Tax Authority, the following details:

· Period of renting.

· Full name of the main guest  

· Passport number of the main guest  

· Amount of rental in Euro.

· Method of Payment.

· Name of digital rental platform (booking.com, airbnb etc).