property owners and managers works in his industry short term rental will be in the focus of attention of tax inspectors in order to identify those who evade the declaration of income, and those who declare less than they receive. The inspections will be in-depth and lengthy, according to the tax service, and will begin on March 1. This means that in addition to checking the previous year’s reported income using smart tools, each month, regulators will look for data from the platforms to identify those who evade declaring their holdings in the Real Estate Registry. .

With turnover in excess of 2.2 billion euros, significantly higher than in 2019, the tax administration plans to cross-check short-term rentals with data that taxpayers will declare on their tax returns for this year. It is noted that taxpayers who have declared their property on short-term rental platforms must, by February 28, complete the detailing of their property in special AADE platform for 2022. By the same date, they must correct all errors made in the preliminary declarations.

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This data will be compared with data that will be received in the coming days from the Airbnb, Booking.com and VRBO platforms of the Expedia group, as stipulated in the protocol of cooperation signed by them. In cases where a property is found not to have been declared on the Short Term Property Registry or has been posted on digital platforms without clearly identifying the Short Term Property Registration Number (AMA) or Special Transaction Mark (ESL) or unique notification number (MAG), properties and “managers” are then sent to the DOU, and the owners are called to the IRS for clarification.

Based on the foregoing, those who find errors and omissions in the data on assets and income that they declared in the initial declarations should correct them before the completion of the declarations. In all cases of correction of the declaration of short-term residence, it is necessary to file a declaration of amendment and correct any error in the original by entering the correct value in the appropriate field.

Those who do not correct and complete the original returns risk being taxed at 100% of the income reported on the original returns, even if they are not the ultimate beneficiaries of all receipts.

According to the latest data from research firm AirDNA, income from short-term rental housing in the Greek market in 2022 amounted to 2.2 billion euros. In fact, the average price per night in the Greek market increased last year to 193 euros, an increase of 35% compared to 2019 and 15% compared to 2021. This is a prime example of increased demand compared to previous years.