Insight
Spain plans to raise the VAT (Value Added Tax) on tourist rentals from 10% to 21%.
Spain set to raise VAT on tourist rentals to 21%
Summary
Spain is poised to increase the VAT on tourist rentals from 10% to 21%, impacting hosts and travelers. This tax hike could significantly affect pricing strategies and profitability for short-term rental operators across the country.
Key takeaway