The ski resorts of Bulgaria have long been seen as the best option for British skiers hoping to hit the slopes on a budget. Borovets and Bansko might not have the glitz of Verbier, the after-ski buzz of St Anton, or the picturesque villages of the Trois Vallées, but as the solid, wallet-friendly option, Bulgaria has been unbeatable for more than a decade.
France Proposes Value Added Taxes on Airbnb Rentals
28.11.2023 - 15:39 / skift.com / Srividya Kalyanaraman
The French Senate has greenlit measures to apply value-added tax (VAT) to Airbnb and similar platforms, aiming to address perceived competition imbalances with the hotel sector.
Under the existing system VAT is levied on furnished tourist accommodations based on specific services like breakfast, regular cleaning, and the provision of household linen. The proposed amendment contends that this is “distortion of competition” between holiday rental companies and hotels, which are already VAT-subject.
Currently, Airbnb collects tourist tax predetermined by regions (usually 10%) and additional taxes depending on the departments. For instance, the Île-de-France region recently introduced an additional “Grand Paris” tax of 15%.
Finance minister Bruno Le Mair had suggested increasing taxes on Airbnb rentals, in June this year, to align them with regular, non-tourist rentals. Currently, tourist rentals, including those through Airbnb, enjoy a special tax rebate in France. Le Maire emphasized the need for fairness in taxation and expressed concerns about excessive benefits and favorable tax treatment.
Despite Senate approval, the government retains the right to reject the measure. The Senate previously endorsed a measure to regulate furnished tourist accommodations by reducing tax deductions in areas with rental pressure.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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