Property

STAMA Challenges Greek Government Over Airbnb-style Taxes

The Short-Term Accommodation Managers Association (STAMA) of Greece recently announced its decision to legally challenge a government initiative imposing taxes on legal entities engaged in Airbnb-style activities.

STAMA stated its intent to bring the issue before Greece's highest administrative court, emphasizing its duty to protect the interests of its members and the broader market. Nasos Gavalas, President of STAMA, highlighted the significant economic contribution of the short-term rental sector to Greece's GDP, exceeding 5 billion euros, and its role in supporting local economies without government subsidies.

Gavalas underscored the industry's development amidst economic challenges solely through private investments, emphasizing ongoing efforts to expand operations, satisfy guests, and meet tax obligations.

Critically, he criticized recent government measures targeting the sector, describing the taxes as unjust and potentially devastating for businesses, leading to unemployment and closures.

STAMA pointed out new regulations requiring short-term rental managers, both legal entities and individuals, to pay additional taxes per night, along with a mandatory 600-euro fee per property designated for short-term accommodation. The association argued that these regulations categorize such properties as commercial entities, significantly impacting the industry's operational viability.

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