Italy: Decree 50/2017
From 1 May 2017, Italy implemented Decree 50/2017, a new law regulating short-term accommodation rental (relevant for platforms), popularly called the ‘Airbnb tax’. The new law obliges platforms to withhold 21% of the gross amount charged by the landlord by way of a flat-rate tax rather than at the usual income tax rate which can range between 23% and 43%. This law applies to all accommodation rentals that are rented out for a short time, meaning fewer than 30 days in a calendar year.
- Legislation, Taxation