- Leftist alliance Sumar in Spain has proposed tax rises for tourist apartments
- Aim is to reduce profitability of AirBnB style lets and encourage longer-term contracts for tenants
- Proposed tax increase would subject rentals to full VAT rate of 21%
- Currently, rentals are exempt from VAT unless they offer services similar to hospitality sector.
Source: theolivepress.es
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Spain"
- Spain Slashes Fuel VAT to 10% Amid Middle East Conflict-Driven Inflation Surge
- Scope of the Standstill Clause and Limits on VAT Deduction Rights in Spain
- Choice Between General and Special VAT Pro-Rata Is a Taxpayer Option, Supreme Court Rules
- Inclusion of Expropriated Property Deliveries in VAT Pro-Rata Calculation for Real Estate Developers
- TEAC Confirms Special Pro-Rata VAT Option Cannot Be Applied Retroactively Without Timely Election
