In Greece, a crucial deadline is approaching for thousands of taxpayers who earn income from short-term rentals through Airbnb, with property owners and managers required to finalize their rental data and earnings in the 'Short-Term Accommodation Registry' by February 28. This registration is managed by the Independent Authority for Public Revenue (AADE), and failure to comply may lead to substantial fines and additional taxes.

Taxpayers are granted the opportunity to correct any errors or omissions in their rental declarations without incurring fines, allowing them to modify critical details such as the number of rental days and income percentages attributable to multiple beneficiaries. Accurate reporting is essential, as those who do not amend their registrations could face taxation based on 100% of their declared income, regardless of their actual earnings.

Beyond just compliance, this initiative by the Greek authorities reflects a broader effort to regulate the booming short-term rental market, ensuring that property owners adhere to legal requirements. Given the financial implications and changing regulations, property owners in Greece must act swiftly to update their records before the looming deadline to mitigate risks associated with non-compliance.