Peer-to-peer property rental

The taxation of the peer-to-peer property rental market and the intensification of inspections by tax authorities from early 2018 are expected to discourage some property owners who use online platforms to lease their assets on a short-term basis to boost their income.

Greece's first regulatory framework on property rentals via websites such as Airbnb, HomeAway, FlipKey and HouseTrip will introduce a 5 percent tax per night and impose a fine of 50,000 euros on owners who do not enter their details in the relevant register. Owners' revenues will also be taxed at the rates used for rental incomes (between 15 and 45 percent), depending on the income level.