Failure to finalize declarations in the Short-Term Rental Registry could result in the full taxation of initially reported income. In 2024, income from short-term leases is projected to reach €880 million, and it will be taxed from the first euro, with rates ranging from 15% to 45%.
According to the Independent Authority for Public Revenue (AADE), managers have the opportunity to correct any erroneous entries (such as income beneficiaries and their respective shares) without incurring fines, and the Property Registration Number (Α.Μ.Α.) will remain unchanged.
The data entered into the Short-Term Rental Registry will be used to assess income tax, and the AADE will cross-reference it with information from platforms such as Airbnb, Booking.com, and VRBO. Inspections will focus on property owners who have failed to register their properties or have posted listings without the mandatory Property Registration Number (Α.Μ.Α.), Special Operating License (Ε.Σ.Λ.), or Unique Notification Number (Μ.Α.Γ.).
It's crucial to remember that failing to register with the Registry results in a fine equal to 50% of the gross income for the year of the violation, with a minimum fine of €5,000. In the event of a repeat violation within a year, the fine will be doubled. Failure to submit or inaccuracies in the Short-Term Rental Declaration will incur a fine equal to double the rent shown on the platform. Additionally, late submissions will incur an administrative fine of €100.
