Once all tax settings have been defined in a previous step, Hosthub will be able to automatically generate a breakdown of the amounts corresponding to taxes 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.
To see the tax breakdown of a booking, open it in Hosthub and select the Taxes tab.
The tab contains the amounts resulting from the tax analysis of the total booking value with the methodology described below.
Total booking value: It is the total booking value as recorded on the channel from which it originates (Airbnb, booking.com, VRBO, Worpress, offline etc.). It is the amount that contains the booking value, all commissions/fees and all taxes set on the channel.
Climate tax: It is the climate tac calculated based on the number of days and the period in which the reservation is made. It is calculated based on the Climate tax tier defined in the tax settings of each rental. If a booking contains days in both periods of a tax tier then its calculation is carried out for the number of days corresponding to each period. E.g. for a rental with a climate tax category of 0.5-1.5 euros, if we have a reservation from February 20 to March 10, the durability fee will be calculated as 0.5 times 9 days (of February) plus 1.5 times 9 days of March.
Gross booking value: The booking revenue after deducting the climate tax.
Booking value pre-VAT: The amount resulting from deducting VAT from the Gross booking value (Gross Booking value / 1.13). It is the amount before VAT that is declared in the issued documents if the accommodation is subject to VAT.
VAT: It is the VAT corresponding to the reservation (Booking value pre-VAT * 0.13) and is declared in the issued documents if the accommodation is subject to VAT.
Accommodation tax: It is calculated based on the Accommodation tax rate defined in the tax settings of each rental The guest accommodation tax corresponding to the reservation is calculated as Accommodation Tax * Booking value pre-VAT / (1 + Accommodation Tax). If the rental manager is an individual (not a business) then there is no liability for this tax and the corresponding amount should be set to zero.
Net booking value: The net amount of the reservation after deducting the Accommodation tax. It is calculated as Booking Income before VAT - Accommodation tax
Amount for short term rental registry: It is the amount that must be declared in the Registry of short-term reservations of AADE. Corresponds to the Net booking value.
The tax analysis is used to issue the relevant taxation documents
The tax analysis uses the total cost of the reservation including commissions, fees and taxes as the reference amount for its calculations. Taxes included in the bookings as defined and recorded on the channels are not taken into account in the analysis and therefore there may be differences in the respective amounts. This is because, due to the limitations of the channels, the calculation of taxes on them may not be accurate and fully compatible with Greek legislation. Hosthub analyzes the amounts based on the total booking value to ensure that the intended amounts are ultimately declared regardless of each channels' pricing and tax inclusion policies.