In order for hosts to make all the required tax document submissions as simply as possible, some settings should be defined per renal regarding their tax characteristics. These settings are defined once and used as defaults for issuing and sending all taxation documents after each reservation is completed.
Before finalizing the tax settings for each rental, it is necessary to be informed about the Laws 5073/2023 & 5162/2024 and to have previously consulted your accountant.
Follow the steps below:
From the menu Setup -> Rentals select the rental you want to setup.
At the rental page you select Tax settings
Press Edit if you want to define or modify the settings.
In the editing form you can set the Tax settings of the rental.
Liable for VAT: You define whether your renta; is liable for VAT. If the host is an individual then you should select No. If the rental manager is a business then there is a VAT obligation and therefore you must select Yes.
Municipality: Municipality to which the property belongs: This arrangement is necessary as the accommodation tax is paid to the relevant municipality.
Accommodation tax rate: The accommodation tax rate as set by the municipality, it should be between 0% and 0.75%
Climate tax tier: You define the climate tax tier based on the characteristics of your rental and the provisions of Laws 5073/2023 & 5162/2024 and MyDATA. This setting will be used by Hosthub to automatically calculate the climate tax for each booking based on the time period in which it is held.
If the accommodation is set up as Liable for VAT then you can select the VAT rate based on the rental location:
0% is applied only for businesses with a temporary exemption,
9% is applied only for rentals located in Leros, Lesvos, Samos, Kos, Chios.
13% is for rentals in all other locations.
For rentals Liable for VAT you also have the option to set some defaults regarding the issuing of documents for each booking.
These defaults will be used when issuing documents through the integrated ERP in order to minimize the data required for submission. To define these defaults it is necessary to consult your accountant.
Receipt sequence number: You define the sequence number that will be used for the issuance of receipts related to the reservations of this rental.
Invoice sequence number: You define the sequence number that will be used for the issuance of invoices related to the reservations of this rental.
Climate tax receipt sequence number: You define the sequence number that will be used for the issuance of climate tax receipts related to the reservations of this rental.
Default payment status: You can set the default payment status (Paid/Unpaid) that will be set to all receipts/invoices. It can be modified in the receipt/invoice form before submission.
When you have completed the settings, select Save and they will now be automatically applied to the tax submissions of the documents for each booking.
It is necessary to complete these settings for each rental in order for Hosthub to be able to issue and submit the necessary documents.