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    Tornos News | New laws to regulate property purchases and short-term rentals in Greece

    EbrahimBy EbrahimMarch 4, 2024No Comments2 Mins Read

    A series of sweeping changes to laws governing the short-term property rental market through online platforms, such as Airbnb, is planned by the Greek Ministry of Economy and Finance, which will soon present new measures, reports ANA.
    These measures will level the playing field when it comes to taxation of these properties compared to hotels and rented rooms, abolish the use of cash to purchase properties, and impose stricter penalties on owners and managers who fail to report properties as short-term rentals to the taxman. desk.
    Another important measure is the new obligation to pay VAT and open books for those who own or manage more than two short-term rentals, as well as the imposition of a tourist tax and a climate crisis tax on 170,000 properties, such as those charged in hotels and rented rooms.
    A number of measures aim to address the shortage of long-term rental accommodation resulting from the shift to short-term rentals, while others aim to eliminate unfair competition for hotels and rented rooms.

    RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, The Greek Islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek Tourism Report

    Photo source: Wikimedia Commons License: CC-BY-SA Copyright: Lemur12

    Ebrahim
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