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Italy: Government announces tax increase for short-term property rentals

The Italian government announced an increase in taxation on short-term property rental from 21% to 26% - Salvini says the measure will not be approved

Newsroom October 22 05:38

The government of Georgia Meloni, in presenting the measures of the new state budget, announced an increase in the taxation of amounts derived from short-term leases of real estate, from 21% to 26%. The 21% tax is so far a favorable measure for citizens who rent a single property owned by them to tourists.

League secretary and deputy prime minister, Mateo Salvini, in remarks made today on public TV channel Rai Tre, however, stressed that “this measure will not be approved” and that “it will be repealed immediately or during the consideration of the draft budget by parliament”.

The announcement of this increase had also caused a negative reaction within the Forza Italia party, whose president is Italian Foreign Minister Antonio Tajani.

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According to the latest figures, this year, for short-term rental properties in Italy, so far, 8.2 billion euros in rents have been paid. The increase in income tax from 21% to 26%, according to early estimates, would cost around 1,300 euros a year to families renting property to tourists for periods of up to a month.

 

 

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