Greece’s Independent Authority for Public Revenue (AADE) is set to conduct a series of electronic cross-checks on rental income from short-term rentals, such as those listed on platforms like Airbnb. These checks will be based on information reported by Greek taxpayers in their tax returns for 2024.
Property owners who have listed their properties on short-term rental platforms have until February 28, 2025, to finalize the details of their rental income in the AADE Registry. The data reported will be used to determine taxable income and the final tax obligations.
Taxpayers must verify the accuracy of the rental data available to the AADE and correct any discrepancies by the end of the month. Failure to complete the short-term rental declarations for 2024 in the registry could result in being taxed on 100% of the income reported in the initial declarations, even if no payments were actually received.
The AADE will cross-check the data using information received from platforms like Airbnb, Booking.com, and VRBO.
Taxpayers who fail to register their properties in the “Short-Term Rental Property Registry” or list properties on digital platforms without displaying the Property Registration Number, Special Operating License, or Unique Notification Number will face substantial fines.
Specifically, failure to register in the Short-Term Rental Property Registry will incur an annual fine of 50% of the property’s gross income for that tax year, with a minimum fine of 5,000 euros. If the offense is repeated within a year, the fine will be doubled.
Failure to submit or submit an inaccurate short-term rental declaration will result in a fine equal to twice the rental amount listed on the platform.