Short-term rental tax generates 17 million euros in new revenue

The 26% tax on short-term rentals generated an additional 17 million euros in revenue in its first year. This amount is modest compared to the over 4 billion euros from the flat tax on residential rentals. This revenue increase comes from 2024 tax declarations, where the 26% rate applied to second and subsequent short-term rental properties. The higher rate impacted a minority of taxpayers, with most owners of single properties benefiting from a lower rate. New rules effective from 2026 lower the threshold for mandatory VAT registration to three properties, impacting more owners and potentially increasing future tax revenue.