Taxation in Greece

[Stamatis13]

When declaring each month the earnings from Airbnb, different accountants tell me different things...

Below is an example.  Should I declare 65+15? One accountant thinks that I should declare also 13.55 (guest service fee).

What is the general consensus here?

Guest paid

€ 65.00 x 1 night

Short-stay cleaning fee   € 15.00

Guest service fee  € 13.55

Total (EUR)    € 93.55

Host payout

1-night room fee € 65.00

Short-stay cleaning fee € 15.00

Host service fee (3.0% + VAT) -€ 2.88

Total (EUR) € 77.12

[Mike-And-Jane0]

@Stamatis13 It sort of doesn't matter to anyone except the tax man. Whichever way you do it there will be greater or lesser tax deductions (the service fees) so that the net taxable income will be the same. The only time it really makes a difference is if you are close to the tax threshold in your country.

[Stamatis13]

That's not quite correct in Greece, as they charge 15% (up to 12k) for all airbnb rent (and you cannot make any deductions for expenses, this is only for the end of year income tax which is another tax!). So obviously it makes a big difference if guest service charge is included in the total or not. Hopefully some people who have submitted to AADE (the Greek tax authority) will get back. Thanks

[Stamatis13]

Just checking if there are any hosts operating in Greece that are more up to date on this?

[Nick3356]

Stamatis,

Do you have an answer to your question? If so, please share.

As a Host what do we report monthly to AADE as the "Agreed Rent"? Do we report what "Guest Paid", or "Payout to Host", and do we report any deductions? For example, an Airbnb document written by a third-party (PwC?) indicates there are deductions, see below.  Are you saying NO deductions are allowed? Then what is the basis of "agreed rent"? It cannot possibly be what "Guest Paid"!!!

"Expenses that can be deducted in relation to short- term lettings.

The standard expenses which can be deducted from your taxable income are:
● Expenses incurred for the repair, maintenance, renovation or any other fixed and/or
operational costs of the real estate property, at a percentage of 5% of the rental income.
● Any rent paid, when you sublease the property,
● The costs of flood protection work, at a percentage of 10%,
● Any amount of compensation paid by the lessor to the lessee, in accordance with law, for the termination of the lease on the property.

Furthermore, 40% of the expenses relating to services concerning the energy, functionality and aesthetic upgrade of buildings are deducted from your income tax liability, provided that these expenses are incurred between 01.01.2020 and 31.12.2024 . Said reduction is allocated in equal parts in the four following years and the amount of expenses thus deducted cannot exceed EUR 16.000."

[Emilie]

Hi @Nick3356, 

I'm tagging @Stamatis13 here for you so they will get a notification of your question and will hopefully come back with more insights. 🙂

Quick tip: To tag someone, tap "@" and select the host's username from the dropdown menu.