Rent a property in Greece legally

1.To rent a property through an EOT (Hellenic Tourist Organization) license.

A1) EOT-ESL license. Not registered in Business (according paragraph 5 of article 46 of law No 4179/2013). Renting up to 13 weeks or 3 months. No expenses deducted. Gross income is taxed as follow: 15% for a gross income up to 12,000€, 35% for a gross income more than 12,001€ up to 35,000€ and over 35,001 the tax rate is 45%.

 

A2) EOT license Registered in Business according article 46 of law No 4179/2013. Renting unlimited periods. Deduct any kind of expense. Net profit is taxed as follow: 22% for a net profit up to 20,000€, 29% for a net profit more than 20,001€ up to 30,000€, 37% for a net profit more than 00,001€ up to 40,000€ and over 40,001 the tax rate is 45%.

 

 

2.Rent a property without EOT license.

B1) Rent a property long term. Electronically lease contract submission to the tax office is required. 

Gross income is taxed as follow: 15% for a gross income up to 12,000€, 35% for a gross income more than 12,001€ up to 35,000€ and over 35,001 the tax rate is 45%.

B2) Occasional short-term renting for 60 or 90 days per year through digital platforms under the sharing economy frame. (law n. 4446/2016 article 111) i.e. Airbnb, Home away etc. Gross income is taxed as follow: 15% for a gross income up to 12,000€, 35% for a gross income more than 12,001€ up to 35,000€ and over 35,001 the tax rate is 45%. No services can be provided. Home must be registered to the ‘Short term rent Register”.

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