Furthermore, for the 2017 tax year, there is no obligation to declare individual short-term rentals through digital platforms. The total income from short-term rentals is declared separately and aggregated on the E2 form.
This is clarified by the Independent Public Revenue Authority (AADE), in view of the completion of the submission of E1 returns in two weeks. As mentioned, on the occasion of questions submitted regarding the declaration of income from short-term rentals in the context of the sharing economy, for the tax year 2017, the following announcement was issued:
According to Article 111 of Law 4446/ 2016, as applicable:
A short-term lease is defined as the lease of a property concluded through digital platforms for a specific period of time, less than a year.
A short-term lease property manager is defined as the physical or legal person or any kind of legal entity that, regardless of whether or not it is the owner or usufructuary of the property, undertakes the process of posting the property on the digital platforms for the purpose of short-term rental and generally takes care of the short-term rental of the property.
With the POL.1187/2017 (B’4232) decision of the AADE governor regarding the short-term rental of real estate in the context of the sharing economy, it was defined that:
a) the short-term rental Property Managers have no obligation to submit the “Property Lease Information Statement” (POL.1013/7.1.2014, Decision of the G.G.D.E), regarding short-term leases carried out through digital platforms, b) especially for the tax year 2017, the income from the short-term rental is declared separately and collectively in the income tax declaration forms of the relevant year.
In order to implement the above, two new codes were provided in the E2 form of the tax year 2017, codes 60 and 61, column 17. In more detail, as defined in the decision of the Governor of AADE, POL.1068/2018, in these codes all the income obtained from the short-term rental and subletting of properties through digital platforms (Airbnb, Booking , HomeAway etc.), during the 2017 tax year, in accordance with article 39A of Law 4172/2013, as applicable.
In conclusion:
a) the Property Managers have not obligation to submit Property Lease Information Statements (commonly known as “electronic leases”) for short-term leases via digital platforms.
b) for the tax year 2017, there is no obligation to declare individual short-term leases via digital platforms. The total income from short-term rentals is declared separately and aggregated on the E2 form.
