holiday rentals

Regulations for short term rentals in Greece – what you need to know.

As of recent updates, the regulations for short-term rentals (typically defined as rentals for periods shorter than 30 days) in Greece include several key points:

  1. Registration Requirements: Property owners must register their property with the Greek National Tourism Organisation (GNTO) to legally operate short-term rentals. This registration ensures compliance with tourism laws and tax obligations.
  2. Taxation: Income generated from short-term rentals is subject to taxation in Greece. Owners are required to declare rental income and pay applicable taxes, including income tax and potentially VAT (Value Added Tax) depending on the rental income threshold.
  3. Health and Safety Standards: Properties used for short-term rentals must meet health and safety standards set by Greek law. This includes fire safety measures, building codes, and hygiene standards.
  4. Local Municipality Regulations: Some municipalities in Greece may have specific regulations or zoning restrictions regarding short-term rentals. It’s important for property owners to check with their local municipality for any additional requirements or limitations.
  5. Tourist Stay Registry (Μητρώο Ενοικιαζομένων Καταλυμάτων): Since 2020, owners of short-term rental properties are required to register each booking in the Tourist Stay Registry managed by the GNTO. This registry aims to monitor and regulate the operation of short-term rentals across Greece.
  6. Penalties for Non-Compliance: Non-compliance with regulations, such as operating without registration or failing to declare rental income, can result in fines or legal consequences.

 

These regulations aim to ensure fair competition in the hospitality sector, protect consumers, and enhance the quality of tourism services in Greece.

 

It’s advisable for property owners interested in short-term rentals to stay informed about any updates or changes in regulations and to seek guidance from legal or tax professionals to ensure compliance with Greek laws.

 

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