Greece’s Independent Authority for Public Revenue (AADE) plans a series of electronic cross-checks on the rental income from short-term rentals, such as Airbnb, using the information that Greek taxpayers will report in their tax returns this year.
Taxpayers who have listed their properties on short-term rental platforms have until February 28, 2025, to finalize the details of their rentals and income for 2024 in the AADE Registry. The data reported on the electronic platform will determine the taxable income and the final tax they will be required to pay.
Property owners and managers must check the accuracy of the data for their properties and income for 2024, which is available to the Authority, by the end of the month and correct any errors or omissions.
Taxpayers who fail to finalize their short-term rental declarations for 2024 in the AADE Registry risk being taxed on 100% of the income reported in the initial declarations, even if they have not received the payments.
Cross-checks will be carried out using the data that the tax Authority has received from platforms like Airbnb, Booking.com, and VRBO.
In cases of unregistered properties to the “Short-Term Rental Property Registry,” or properties listed on digital platforms without clearly displaying the Property Registration Number for Short-Term Rental, the Special Operating License, or the Unique Notification Number, taxpayers will face hefty fines.
More specifically, failure to register in the Short-Term Rental Property Registry incurs an annual standalone fine equal to 50% of the gross income for the tax year in which the violation occurs, with a minimum fine of 5,000 euros. The penalty will double in cases of a repeat offense within one year of the initial fine being issued.
Failure to submit or submitting an inaccurate Short-Term Rental Declaration, results in a fine equal to twice the rental amount as listed on the digital platform. Additionally, for cases of late submission of the declaration, an administrative fine of 100 euros is imposed.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek Government Announces Emergency Electricity Bill Subsidies for February
Greek government announces emergency subsidies for February to combat rising energy costs.
Seismic Activity in Santorini Raises Concerns for Tourism
So far, major international media outlets have not reported or provided assessments regarding the immediate impact on the island’s tourism activity in terms of bookings or cancellations.
TERNA ENERGY: Masdar’s Public Offer at the Upper End of Valuation Range
TERNA ENERGY’s Board of Directors, in its reasoned opinion, notes that the company’s valuation range is between €11.9 and €21.5 per share, while Masdar’s offer stands at €20 per share.
AEGEAN Airlines Adds Extra Flights to Santorini Amid Ongoing Seismic Activity
As reported, the Blue Star Chios ferry, departed from the Athinios port for Athens, fully booked, in the early hours of Monday
Quakes Rattle Santorini Overnight, Authorities Say Island is Safe
Over the past 24 hours, hundreds of quakes struck between Santorini and Amorgos and continued overnight. Greek authorities say the island is safe and all measures are precautionary
Greek Farmers Protest for Renewed Greece-Bulgaria Water Deal
Farmers are demanding that Greece renews an expired Greece-Bulgaria water deal to ensure water continues flowing to farms in the Evros region
Santorini, Amorgos Announce Evacuation Points Following Tremors
Santorini, Amorgos, and nearby islands have been rocked by over 200 tremors in the past two days, including a quake measuring 4.9 on the Richter scale in Santorini on Sunday evening
Dozens of Earthquakes Near Santorini Force School Closures
Scientists say the earthquakes are attributed to a submarine fault near Santorini, not volcanic activity.
Cycling Tourism is a Booming Billion-Euro Industry. Will Greece Keep Missing out?
With an estimated value of €138 billion, cycling is one of the world's top 10 fastest-growing tourism activities. Yet, Greece struggles to shift gears and establish itself as a leader in this thriving sector of sustainable tourism.
Tempi: Rail Accident Agency Report to be Unveiled on Feb. 27
Agency head: 'We will highlight errors and omissions, working with absolute independence'
![Πληθωρισμός τροφίμων: Μηδενικός και τον Ιανουάριο του 2025 [πίνακας]](https://www.ot.gr/wp-content/uploads/2023/12/plithori-600x400.jpg)
![Ζωοτροφές: Η χαρτογράφηση της αγοράς στο μικροσκόπιο της Επιτροπής Ανταγωνισμού [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/02/zootrofes-600x391.jpg)
