Italy's government is set to raise taxes on short-term rentals by people letting out more than one flat, in an effort to address the shortage of affordable housing in popular tourist destinations. The proposed tax rate would increase from 21% to 26% for those renting out multiple apartments. The government has scaled back its initial plans, which included increased taxation on single apartment rentals. The budget bill for 2024 will be presented to parliament on Monday.
Prelude to the Best Sommelier of Canada Contest | SaltWireROME - Italy's government plans to hike taxes on short-term rentals by people letting out more than one flat, a draft of the 2024 budget seen by Reuters showed on Saturday.
Italian legislation allows owners to rent out their apartments and pay a tax rate of 21% on earnings.
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