Short-term rentals tax revenue to hit €830 mln, says official

Tax revenues from short-term rentals are expected to reach 830 million euros by the end of 2024, posting a significant increase from previous years, the head of Greece's Independent Authority for Public Revenue (AADE), said on Tuesday.

Speaking at the 25th Prodexpo real estate conference, Giorgos Pitsilis said tax revenues came to €742 million euros in the first nine months of the year, against €740 million for the entire year in 2023. In 2017, the state collected a relatively paltry €70 million in taxes from short-term rentals.

He added that compliance with property legislation is quite satisfactory, as nearly 90% of the 6,200 legal entities renting out more than three properties are properly registered and pay their taxes. Only 12% of listings on short-term rental platforms are non-compliant, he said.  

Overall, there are 100,000 properties registered as...