Short-term rental income in Greece comes with specific tax obligations. Meeting them correctly protects you. Missing them — even unintentionally — creates problems that are far more difficult to resolve than they were to prevent.
The short-term rental market in Greece has grown significantly in recent years — and the regulatory and tax framework around it has grown with it. Property owners are required to declare short-term rental income, register their property with the relevant authorities, comply with VAT obligations where applicable, and maintain accurate records of income and expenditure.
The rules are specific and they change. What was the correct approach two years ago may not be the correct approach today. And the consequences of getting it wrong — undeclared income, missed registration requirements, incorrect VAT treatment — range from financial penalties to more serious complications that affect the property’s ability to operate.
Most property owners are not tax specialists. They should not need to be. But they do need access to someone who is — someone who understands the specific obligations that apply to short-term rental income in Greece and ensures those obligations are met correctly and on time.
NOMAS coordinates this service through trusted accounting partners who specialise in the Greek short-term rental market. The quality obligation does not change because a partner is involved. We select our accounting partners the same way we select every provider in our ecosystem — based on expertise, reliability, and accountability.
NOMAS coordinates accounting services for the properties we manage through trusted specialist partners. We ensure the financial records generated by your property’s management are accurate, organised, and in the format your accountant needs to fulfil your obligations correctly.
Every booking, every payment, and every management cost associated with your property is tracked and recorded in a structured format. You always have a clear picture of what your property has earned and what has been spent on its behalf — in real time through the Owner’s Portal and in detail through your monthly statement.
Where short-term rental activity triggers VAT obligations under Greek law, we ensure the appropriate registrations are in place and the correct amounts are accounted for. VAT compliance for short-term rentals in Greece has specific rules that differ from standard commercial VAT treatment — our accounting partners are across them.
At the end of each financial year, we provide a structured summary of your property’s income and expenditure — organised in the format your accountant needs to complete your tax filings accurately and efficiently. No scrambling for records at year-end. Everything is already in order.
If you already have an accountant managing your Greek tax affairs, we work with them directly — providing the property-specific financial data they need in the format they prefer. We fit into your existing financial structure, not the other way around.
You stop wondering whether your rental income has been declared correctly. You stop scrambling at year-end for records that should have been kept throughout. You stop navigating Greek short-term rental tax law without professional guidance.
Your obligations are met. Your records are accurate. Your accountant has what they need. The financial side of your property runs cleanly alongside the operational side.
“Meeting your tax obligations correctly is not a competitive advantage. It is the foundation everything else is built on.”
NOMAS is based in Corfu and operates across the Greek islands. We understand the specific character of the island short-term rental market — the seasonal peaks, the guest expectations, and the competitive landscape of Airbnb and Booking.com in one of Europe’s most sought-after destinations.
Whether your property is a one-bedroom apartment in Corfu Old Town, a villa in the Cyclades, or a seafront house on any Greek island, we manage your reservations with the same standard of care and response.
Tell us about your property. We will connect you with the right accounting support — and make sure the financial records that underpin your obligations are accurate from day one.