US EditionSpain Considers New 21% VAT on Short-Tourism Rentals, Double the Hotel Rate
- The Spanish government plans to impose a 21% VAT on short-term tourism rentals under 30 days, doubling the current hotel tax rate of 10%.
- The measure is part of a wider bill aiming to address a housing crisis marked by a deficit of 450,000 homes and high tourist property ownership in key islands.
- The bill also proposes a contentious provision to impose taxes as high as 100% on property acquisitions by non-European Union buyers unless the property is intended as their main residence, along with raising taxes on vacant properties, including second homes.
- Housing Minister Isabel Rodriguez stated that the bill aims to secure access to rental homes for families, while tourism groups criticize the proposed VAT rate as unfairly high.
- If approved in a polarized parliament, the tax could affect a third of Spain's 94 million annual visitors who choose short-term rentals over hotels.
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The Spanish government wants to obtain Parliament's approval for a new VAT quota of 21%, which will apply for short-term housing for tourism, double-front TV paid for hotel rooms, in an attempt to resolve a housing crisis, Reuters transmits.
·Romania
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Foreign direct investment in tourism is also on the rise. Between 2022 and 2024 more than 1,000 new projects were announced for a total value of US$34 billion, with an average growth of 10% per year
·Bogotá, Colombia
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The Spanish government is proposing a new 21% value added tax on short-term tourist rentals. The new tax would be double the current rate for hotels (10%) and would apply to all rentals of less than 30 days.
·Romania
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