general

Greece Cuts Rental Tax Rates While Tightening Tax Enforcement

Saturday, 4 July 2026/Source: Flashnews/1 min read

The Greek government is considering reducing income tax rates on rental earnings, particularly for small-scale property owners across Greece, including Crete. This comes alongside plans for increased tax compliance inspections targeting undeclared rental income. Authorities intend to use the MIDAS digital platform and bank transfer records to identify landlords who rent out properties without reporting the income. The initiative is part of a broader effort to bring informal short-term rentals into the regulated market. For tourists, this may gradually shift the landscape of available accommodations, as more properties come under formal registration and pricing structures. Visitors booking private rentals or holiday villas in Crete should ensure their accommodation is legally registered, as unregistered properties could face penalties or sudden closure, potentially disrupting bookings. No implementation date has been confirmed yet.

Read original article → Flashnews