A recent circular by the Independent Authority for Public Revenue (AADE) includes a provision that states that any short-term rental property should operate as a company branch. This is also subject to a fee for practicing a profession and other management costs (e.g. maintaining a registered office, etc.).
So instead of the management company paying the relevant costs once, it will now be required to pay separately for each property. This multiplies the charges and makes the activity unattractive for most, daily Kathimerini reported.
At the same time, it should be recalled that the income obtained from natural persons from short-term rental of real estate or just rooms is considered income from real estate and is exempt from VAT, as long as the short-term rental concerns up to two properties, or from business activity and is subject to a reduced VAT rate of 13%, as long as the short-term rental concerns more than three properties. More details here (in Greek).