Vacation rental

Changes are underway regarding the requirements for a three-year tax exemption on properties switching from short-term (e.g., Airbnb) to long-term leases.

International short-term rental platform Airbnb has called on the mayor of Barcelona to reconsider extending the measure to restrict short-term rentals, arguing that they benefit the hotel industry while failing to address over-tourism and the housing crisis.

The Independent Authority for Public Revenue (AADE) is launching intensive audits on 1,000 taxpayer IDs (AFMs) of owners with more than three short-term rental properties.

In recent years, tax revenues from short-term rentals in Greece have surged dramatically. Tax earnings from Airbnb-style rentals have increased more than tenfold since 2017, according to Giorgos Pitilís, head of the Independent Authority for Public Revenue (AADE).

The lack of a correlation between the unprecedented rise in international visitors arriving at the airport and hotel occupancy rates in Antalya stems from 15 percent of foreign tourists opting to stay in lodging utilized for tourism, a sector representative has pointed out.

If you’ve entrusted your property to a third party for Airbnb management, you might be wondering who holds responsibility for tax compliance, which tax bracket applies to your income, and when the property becomes subject to VAT.

Major shake-ups are on the horizon in the short-term rental market, following the government’s decisions to move forward with further regulation, aiming both to align as far as possible the obligations of those offering properties through short-term rental platforms with those who own hotels or rooms for rent and to curb oversupply in order to stimulate the long-term rental market.

A “property manager” was renting out 199 luxury villas in Mykonos on “Airbnb-style” short-term leases, but had not registered them in the Register of Short-Term Accommodation Properties.

A ban on new licences for short-term rentals in three districts in central Athens will be in force for at least a year, the Greek government said on Monday, also raising the tax on such holiday lets.

Greece said on Friday it would give a three-year tax break to homeowners who convert their short-term rentals to long ones, becoming the latest European country to clamp down on holiday lets to tackle a housing shortage.