- 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.
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