Properties located in Greece and used for short-term rentals have specific tax obligations defined by the Law 5073/2023.
These regulations have introduced increased administrative complexity due to the specific characteristics of the fees set and the calculations required to correctly tax the booking revenues from different platforms.
Hosthub introduces new greek taxation tools that aim to simplify this complex process to the maximum extent possible, allowing property owners and managers to carry out all required procedures through its platform.
The steps to need to be followed in order to perform all the required tax document submissions through the Hosthub environment are described below:
1. Defining the tax settings for each rental: This step is performed once for each rental. All instructions are described in this article.
2. Automatic calculation of taxes and fees for each booking: Once all tax settings have been defined in the previous step, Hosthub will be able to automatically generate a breakdown of the amounts corresponding to taxes and fees for each booking, analyzing the total gross amount of the booking as provided by the channels or defined in the booking data. The automatic breakdown is based on methods proposed by the team of specialized accountants with whom Hosthub collaborates and by the relevant instructions of the AADE, and is dynamically adapted to any changes arising from these instructions. For more information on the breakdown method and the corresponding calculations, please refer to this article.
3. Issuing and sending the required documents to your ERP and MyDATA: Having available the breakdown of the tax amounts for each booking, the tax settings of the rental, and the guest's details, Hosthub provides the ability to issue all the necessary documents for each booking and send them through interfaces with a connected ERP to MyDATA. This process, which should be carried out for each booking on the day of the guest's departure, has been simplified to the maximum extent possible and is described in detail in this article.
4. Sending declarations to the AADE Short-Term Rental Registry: The new tax rules have also brought some minor changes to the amounts that need to be declared to the AADE Registry. With Hosthub's new tax tools, the calculation of these amounts has also been automated and the ability to send them has been integrated with the sending of the rest of the documents, so that the process of sending all tax obligations can be done from a single point for each booking on the same day, also simplified to the maximum extent possible. For more details, see this article.