The Association of Greek Tourism Enterprises SETE submitted its proposals for improving the institutional framework for the operation of the short-term rental market on Thursday, in a letter sent to Akis Skertsos, Minister of State, Vassilis Kikilias, Minister of Tourism and Theodoros Skylakakis, Deputy Minister of Finance. The proposals for …
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Property owners at risk to be expelled from short-term rental platforms Airbnb & Co
Legislative changes to be implemented from June 1 threaten to expel property owners in Greece from short term rental platforms like Airbnb etc if they do not comply with the provisions. Property owners who do not declare their properties in the Register of Short-Term Lease of Real Estate of AADE …
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Athens among EU cities demanding tougher rules for Airbnb rentals
Greek capital Athens are among an alliance of 22 cities from across Europe that urged the EU on Thursday to enact tougher rules on Airbnb and other short-term holiday rental platforms, accusing them of driving up property prices and squeezing out locals. Representatives from Paris, Barcelona, Florence, Berlin and other …
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Offer free Airbnb housing to Greece’s health workers during Coronavirus
With the coronavirus outbreak heading towards its peak in Greece, many health workers need free housing for several reasons. Some have been deployed to hospitals away from home and in other regions, others want to live alone in order to protect their families, especially the vulnerable family members. An initiate …
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Airbnb market in downward trend as property owners see income decrease
The fashion of the short-term leases via the online platform Airbnb is slowly starting to go downwards both in terms of occupancy and prices According to daily tanea, more and more property owners in Athens and Attica abandon the short-term leases and return to traditional “tenants.” Fierce competition and rising …
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Greek court strikes a blow to Airbnb rentals in apartment buildings
Short-term rentals via online platforms like Airbnb need the consent of all apartment owners if the place to rent is in an apartment building. This was the ruling of a Greek court in Nafplio, a ruling that strikes a blow to the Airbnb market in the country. The One-Member Court …
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Greek authorities discover 20,000 tax undeclared Airbnb properties
The Independent Authority for Public Revenues (AADE) on Sunday revealed that it has tracked down some 20,000 undeclared short-term rental properties on the Airbnb platform , which had not been added by their owners to the AADE electronic register. The authority has also found 130 property owners that had concealed …
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Online rentals benefited Greece by $1.4billion, says Airbnb
The Greek economy benefited from Airbnb by 1.4 billion US dollars in 2018, the online rentals platform said in a press release. Airbnb released statistics for over 30 countries about the “direct economic impact” of the platform. The data are based on host income and estimated guest spending- in USD …
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Airbnb: Irish family discovers 8 hidden cameras in Athens luxury villa
A luxury villa in Athens was banned from Airbnb and with a 9-month delay also from Booking.com after an Irish family found that the landlord had installed and hidden eight cameras were in “every room” including the bathroom. An Irish family were shocked to discover eight hidden cameras at an …
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Greek gov’t is planning to activate restrictions on Airbnb rentals
The Greek government is planning to activate restrictions on short-term rentals via online platforms like Airbnb. Reason for the government plans is the dramatic increase of the phenomenon that has lead to affordable rental prices for locals. The ministries of Finance, Labor and Tourism are to set a committee assigned …
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Expansion of Airbnb leads to revenue decrease for Greek home owners
Short-term lease via the platform Airbnb is spreading in Greece as more and more apartment and home owners prefer to lease to tourists and visitors. However, they are surprised to see that the revenues they were anticipated to earn are decreasing. Reason for this is the plethora of offer that …
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Tax platform for revenues from short-term rentals via Airbnb is online
Greek tax authorities finally activated the platform for registrations for revenues from short-term rentals via online platforms like Airbnb, Home Away and others. The registration platform “Short Term Residence Rentals Registration” went in operation late Thursday night. It mainly concerns property owners, natural persons and legal entities, that lease their …
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Greece’s authorities uncover tax evading Airbnb owners by pretending to be customers
Tax inspectors uncover tax evading Airbnb owners by pretending to be customers. According to Greece’s Independent Authority for Public Revenue (AADE), the trap has revealed a total of 55 Airbnbn tax evaders, so far. In some cases, the ‘fake customers’ even proceeded to booking an Airbnb flat. The first Airbnb …
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Overnight stay tax imposed also on short-term property leases
Greece’s Independent Public Revenues Authorities (ADAE) has announced that a surcharge imposed on hotel overnight stays also applies to furnished rooms-to-let and short-term leased apartments, the so-called Airbnb -type sector. The surcharge, between 50 cents and four euros per overnight stay, was imposed in 2016 as part of the leftist-rightist …
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Airbnb rentals in Greece may be VAT-exempted under certain conditions
Short-term property rentals through online platforms like Airbnb can be exempted from Value Added Tax under certain conditions. According to a circular issued by the Independent Authority for Public Revenue, VAT exemption is provided in cases where the owner does not offer any additional services to guests comparable to hotel …
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Airbnb refuses to disclose financial data to Greece’s Finance Ministry
Airbnb refused to provide the Greek Finance Ministry with information on property rentals thus delaying the launch of an online platform where owners should register the rental transactions and pay the necessary taxes. According to information obtained by economic news website economy365.gr, the Finance Ministry has tried for five months …
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Legislation is out: Tax of 15%-45% on Airbnb short-term rentals in Greece
The legislation to tax incomes from short-term rentals via online platforms like Airbnb has been published in a circular recently issued by the General Secretary for Public Revenues. The legislation imposes tax rates for incomes of natural persons coming from short-term rentals via the online platform Airbnb. A 15% tax …
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Airbnb platform Open Homes helps refugees find temporary shelter
Short-term property rental platform Airbnb has announced that it will be helping to find housing for some 35,000 asylum seekers trapped in Greece. Property owners can offer to host refugees from one night to up to three months. Over the weekend, Airbnb unveiled an ambitious new platform in order to …
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Greece’s Gov’t can collect up to €48million in 2018 by taxing Airbnb-rentals
A total of 48 million euros is estimated to go into Greek state coffers in 2018 if the Greek government manages to collect tax from Airbnb-style short-term rentals. According to estimates, more than 8,000 properties in Attica alone are being leased out to tourists illegally. Airbnb-style rentals are depriving the …
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Greece to tax short-term rentals via Airbnb with 15%-45%, and the platform with 5% per transaction
The Greek Finance Ministry has apparently prepared the long awaited law that will charge up to 45% on taxes for short-term rentals via online platforms like Airbnb. Greek media report today that the deputy minister in charge of taxes Tryfon Alexiadis has submitted the draft to Katerina Papanatsiou, the minister …
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