VRMA

    Powered By:

    Italy to Raise Taxes for Owners of Multiple Short-Term Rentals

    Italy plans to hike taxes on short-term rentals by people letting out more than one flat, according to a draft of the 2024 budget. The move comes in the wake of criticism of rental platforms for contributing to a shortage of affordable housing for residents in the most popular tourist destinations. Italian legislation allows owners to rent out their apartments and pay a tax rate of 21% on earnings. Prime Minister Giorgia Meloni intends to raise that to 26% "in the case of the short-term rental of more than one apartment in each tax period," the draft showed.

    Reuters (10/28/23) Giuseppe Fonte

    Read More

    Recent Stories
    LA City Council Approves Law Requiring STR Hosts to Get Police Permits

    Maui Mayor Proposes Bill Amendment to Make STRS Available for Displaced Wildfire Survivors

    Officials and Residents Discuss Future of Short-Term Rental Policy in Ithaca