Greece: New law introduces tax measures for tips, sole proprietorships, short-term rentals, and payment deadlines

Law 5162/2024 provides tax exemption on tips up to €300 per month

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February 24, 2025

The Ministry of Finance enacted—by virtue of law 5162/2024—tax measures regarding the taxation of tips, the tax calculation of sole proprietorships, and restrictions on short-term rentals. The measures feature a tax exemption on tips up to €300 per month received by hospitality employees, amendments to the tax calculation for sole proprietorships, and a temporary halt on new short-term rental registrations in Athens' 1st, 2nd, and 3rd districts, from January 1, 2025, through December 31, 2025.

Law 5162/2024 also defines deadlines for tax returns and offers discounts for timely tax payments. Tax returns must be submitted between March 15 and July 15 each year, with taxes payable in eight equal monthly installments starting from the last working day of July. Discounts are available for full income tax payments by July 31, based on the submission date of the tax return:

  • 4% for March 15-April 30
  • 3% for May 1-June 15
  • 2% for June 16-July 15


For more information, contact a KPMG tax professional in Greece:

Ariel Manika | amanika@kpmg.gr

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