Spain Considers New 21% VAT on Short-Tourism Rentals, Double the Hotel Rate

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.

The PSOE has presented a battery of amendments in Congress to the Temporary Rent Law with which it proposes to impose fines of up to 600,000 euros for platforms such as Airbnb if they do not offer activity data and registration numbers of the accommodations they advertise. It is one of the main proposals that the Socialist Group has made to the proposal of law of its left-wing partners to regulate the seasonal and room rentals, which have someti…

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

Evaluating the efficiency and determinants of mass tourism in Spain: a tourist area perspective

Tourism is one of the fastest-growing economic sectors. This has piqued increasing interest in the evaluation of the performance of the sector. This paper

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.