ROME (Reuters) – Italy’s authorities plans to hike taxes on short-term leases by folks letting out multiple flat, a draft of the 2024 price range seen by Reuters confirmed on Saturday.

The transfer comes within the wake of criticism of Airbnb and different short-term rental platforms for contributing to a scarcity of inexpensive housing for residents in the preferred vacationer locations.

Italian laws permits house owners to lease out their flats and pay a tax fee of 21% on earnings.

Prime Minister Giorgia Meloni intends to lift that band to 26% “within the case of the short-term rental of multiple condo in every tax interval,” the draft confirmed.

Nevertheless, the federal government has scaled again its preliminary plans as earlier drafts reported by Reuters envisaged elevated taxation additionally making use of to short-term leases of single flats.

Meloni advised reporters on Saturday that the price range invoice for 2024 agreed by her cupboard could be put earlier than parliament on Monday. The approval course of is predicted to take till December.