Strict fines for short-term rentals in Greece
The Greek tax authority is intensifying audits on short-term property rentals, imposing strict penalties on owners who do not comply with the legislation. Recently, an incident highlighted the seriousness of the situation, as one owner was required to pay a fine of 47,600 euros for violations concerning three apartments.
Audits are focusing primarily on the proper registration of properties in the Independent Authority for Public Revenue's (AADE) Short-Term Stay Property Registry. Many owners fail to include the necessary registration number on booking platforms or do not declare their income correctly, which leads to the immediate imposition of fines.
Furthermore, the legislation has become stricter regarding the obligations of property managers. Authorities are now using digital tools to cross-reference data from international booking platforms with citizens' tax returns, easily identifying those attempting to evade their legal obligations.
Experts emphasize that compliance with the rules is essential to avoid financial consequences. Owners involved in the tourism sector are urged to stay constantly informed about changes in the legal framework to ensure that their activity remains legal and secure.
In conclusion, the case of the high fine serves as a warning to all property owners in Greece. Proper adherence to the rules and transparency in transactions are the only ways to avoid unpleasant surprises with the tax authorities.