Italy’s authorities plans to extend taxes on short-term leases for individuals letting out multiple flat, a draft of the 2024 finances seen by Reuters confirmed on Saturday.
The transfer comes within the wake of criticism of Airbnb and different short-term rental platforms for contributing to a scarcity of reasonably priced housing for residents in the most well-liked vacationer locations.
Italian laws permits house owners to hire out their residences and pay a tax price of 21% on earnings.
Prime Minister Giorgia Meloni intends to lift that band to 26% “in the case of the short-term rental of more than one apartment in each tax period,” the draft confirmed.
However, the federal government has scaled again its preliminary plans as earlier drafts reported by Reuters envisaged elevated taxation additionally making use of to short-term leases of single residences.
Meloni informed reporters on Saturday that the finances invoice for 2024 agreed by her Cabinet could be put earlier than parliament on Monday. The approval course of is predicted to take till December.
Source: www.dailysabah.com