New tax codes have been added to the Greek tax authority’s (AADE) Form E2—the annual declaration required by approximately 3.5 million property owners earning income from real estate—introducing new exemptions for landlords who, during 2025, converted vacant properties or short-term rental units into long-term leases.
Key Changes for 2025
Rental income from both long-term and short-term leases is pre-filled by AADE based on data collected from platforms like Airbnb and Booking, as well as municipal and land registry records. However, taxpayers may review and correct these entries if the automatically populated information is inaccurate.
Income reported in Form E2 flows automatically into the main tax return (Form E1), where it is taxed progressively—from 15% up to 45%. Additionally, the tax authority recognizes 5% of gross rental receipts as a standard deduction for repairs, maintenance, renovations, and other operational expenses related to leased properties.
Exemption Codes for Long-Term Rentals
Code 64: Applies to income from leasing a residential property that was vacant throughout 2022, 2023, and 2024, and is now rented under a lease agreement of at least three years’ duration signed in 2025. The gross income declared here is transferred to new codes 119–120 in Table 6 of Form E1, qualifying for full tax exemption.
Code 65: Covers income from leasing a residence previously registered in the Short-Term Accommodation Registry (e.g., Airbnb-listed properties), provided it is now under a minimum three-year lease agreement signed in 2025—and was actively used for short-term rentals in 2024.
Codes 66 and 67: Apply to residential leases of at least six months’ duration, where the property had previously been either vacant or registered for short-term use. These exemptions are available only when the property is leased to specific categories of public-sector workers—including medical and nursing staff, public school educators, and uniformed personnel of the Armed Forces and Security Forces.
Other Relevant Codes
These new codes join existing ones covering traditional rental income (e.g., apartments, shops, offices, land, warehouses), platform-based rentals (Airbnb, Booking, etc.), type of lease arrangement, and gratuitous use of property.
Unpaid Rent: A Critical Reporting Requirement
Code-related entries for unpaid rent—declared in Column 16—are especially important. Failure to report them correctly can trigger penalties. To qualify as ‘unpaid’ and therefore non-taxable, the landlord must have initiated legally prescribed collection procedures against the tenant before the filing deadline. This includes obtaining a court-issued payment order or a notarial summons.