July 14, 2024

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What’s changing in short-term rental properties from 2024?

What’s changing in short-term rental properties from 2024?

by January to 2024Income derived from Short term rental of real estate Which relate to three or more properties, will be subject to VAT and duties, which apply to hotels and rental rooms.

This decision was previously announced Kyriakos MitsotakisThis was during his speech at the 87th TIF session, and according to what the Prime Minister said during the press conference: “First package of interventions” That levels the playing field.

According to Mr. Mitsotakis this “It will help achieve greater balance so that we don’t have as much pressure in certain areas.”Implying that in the second year the procedures may be “expanded”.

However, the Prime Minister stressed that the measures should not “kill” an important market such as the short-term rental property market.

The goal is not to circumvent the market and not to make this de facto the most massive business activity, without entrepreneurs complying with obligations.

And at the same time implementation The daily accommodation tax rises from 1 to 6 euros In hotels, especially luxury ones, the Prime Minister announced from the 87th TIF stand at the Villedio Convention Centre.

Kyriakos Mitsotakis explained how it will be used to double the reserve from €300 million to €600 million, thus addressing the increasing needs caused by natural disasters.

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