Rental Income Tax In Greece: A Guide For Foreign Property Owners

Owning and renting property in Greece can be attractive, but the Greek taxation of rental income often differs significantly from the system foreign owners are familiar with in their home country. Rental income is taxed separately from income such as salaries and pensions.

This is one of the areas that surprises international property owners.

For an individual landlord, actual property expenses are generally not deducted individually from rental income in the way they may be in other countries.

Instead, Greek tax legislation provides a standard 5% deduction for repair, maintenance, renovation and other operating expenses.

This distinction is important when calculating the real return from a Greek rental property.

For individuals, rental income is taxed separately, from the salary or pension.

From tax year 2026, the applicable scale is:

up to €12,000: 15%

€12,000.01–€24,000: 25%

€24,000.01–€36,000: 35%

above €36,000: 45%

The tax treatment should also be reviewed in the owner's country of tax residence where the owner is a non-Greek tax resident.

A detailed private lease agreement may be prepared between landlord and tenant, particularly where the parties want to describe furniture, property condition or specific contractual terms.

However, the required rental information must also be submitted electronically to AADE.

The landlord submits the rental declaration electronically and the tenant can then view and accept it through the tax system.

Before renting the property, its details must be correctly reflected in the owner's E9 property record.

For recent purchases processed digitally through myPROPERTY, an E9 declaration may be generated automatically, but it should still be checked for accuracy.

Where an Energy Performance Certificate (PEA/EPC) is required, its details must be included in the electronic rental declaration.

An EPC is generally valid for up to ten years. If the property undergoes a major renovation affecting its energy performance, the existing certificate may cease to be valid and a new assessment may be required.

Greek residential leases are generally subject to statutory minimum-duration rules even where the written agreement specifies a shorter term.

For foreign owners, the key is to consider Greek rental taxation before calculating the expected net yield of a property investment.

Need Help With Greek Rental Property Taxation?

If you own or are planning to rent out property in Greece, understanding the tax implications is an important part of calculating your potential return. This is particularly relevant for non-Greek tax residents, who may also have tax obligations in their country of residence.

For guidance on Greek rental income taxation, E9, rental declarations and your wider tax obligations as a property owner, get in touch with TaxWise Greece to discuss your individual circumstances with their team.