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Guide on Declaring Income from short term leases (Airbnb etc.) in Greece

7/28/2019

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Airbnb Taxation in Greece
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The following constitute some mere keypoints from Newsletter E.2141 ΑΑΔΕ 16/07/2019 which provides extensive information on tax matters related to income from short-term leases:



  • Rental Income acquired by natural & legal persons as well as legal entities is comprised by the total agreed lease amount or the total amount based on the cancellation policy that the tenant deposits at each case. The total rental income also comprises of all charges imposed on (transferred to) the tenant by the landlord or charges that are indicated clearly beyond the lease amount (e.g. commission of the platform that usually burdens the landlord, expenses for cleaning before the tenant arrives at the property, charges for use of a/c, electricity, wi-fi etc.). Charges imposed on the tenant by the platform (e.g. commission of the platform to the tenant) are not calculated towards the rental income.
  • In the event of joint ownership of a property, co-owners are taxed on their income based on their percentage of ownership on the property, unless they have sublet their right to the Administrator/co-owner and they have provided him/her the right to sublet and use the property for short-term leases; in this case the Administrator becomes the beneficiary of the income from short-term leases.
  • No more than one Administrators can register on the Public Registry of Properties for short-term leases, unless one of them is registered on another digital platform.
  • Providing any other space beyond immovable property falls within the category of income from business. Such rentals include the lease of boats or campers, trailers etc.
  • Persons who signed short-term leases from the 01.01.2018 and that have expired before the start of operation of the Public Registry of Properties for short-term leases on the 30.08.2018, are not obliged to register such leases to the Registry but must declare their income collectively per property.
  • Any service provided during the stay of the tenants is deemed as income from business activity. A landlord can provide bed-sheets but changing bed-sheets during the tenants' stay is deemed as business activity. Cleaning the property before or after the tenants' departure is also not deemed as business activity.
  • Gifts or bonuses provided by the digital platforms to Administrators must be declared with the tax authority and shall not be deemed as income from business activity unless they exceed the value of 10,000 EUR
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    Ioannis Valmas LLB, LLM, (MSc) is Managing Partner at Valmas Associates and a Greek trial attorney and legal advisor that has represented – almost exclusively – since 2008, overseas clients (from government bodies to private individuals) for their administrative, business and personal legal matters in Greece gaining a stellar reputation abroad. He has lived abroad for almost a decade and earned several degrees from UK Universities. He has attended seminars at US Universities (Harvard and Stanford Law Schools). He has been a member of the Athens Bar Association for over a decade. He is appointed before the Court of Appeals and licensed to practice law throughout the territory of the Hellenic Republic, Greece. His writings on Greek Real Estate Law, Aviation Law and Shipping have been widely published in recent years by publishers in Greece and abroad.
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    Our Publications |


    Valmas Associates Construction Law Publication
    Valmas Associates Guide to Greek Real Estate Law
    Valmas Associates Acquisition and Ownership of Property in Greece
    Valmas Associates Short Term Leases
    Valmas Associates Investment Permits in Greece
    Valmas Associates Tax Amendments in Greece
    Valmas Associates Cadastral Registration
    Valmas Associates Short Term Leases - Airbnb
    Valmas Associates Real Estate and Tax Law in Greece
    Valmas Associates Greek Aviation Law Publication

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© 2019 Valmas Associates | Greek Law Firm, Greek Lawyers


Ioannis Valmas is appointed before the Court of Appeals and regulated by the Athens Bar Association (License No. 30492). We are licensed to practice law throughout the territory of the Hellenic Republic, Greece. Our registered office is situated on Ippokratous 10-12 str., Athens, 10679, Greece and we bear VAT No. EL126271259.

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