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PSOE and Sumar agree on luxury tax, increasing VAT on tourist rentals and maintaining bank tax

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PSOE and Sumar agree on luxury tax, increasing VAT on tourist rentals and maintaining bank tax

The PSOE and Sumar agreed on a tax package by 2025, which will include the maintenance of the bank tax, as well as the introduction of a 21% VAT on tourist apartments, among other new taxes.

The agreement, to which laSexta had access, includes the bank tax for entities that pay less than 3% of their profits in taxes. In addition, they will also introduce a 21% VAT on tourist apartments in order to “reduce their profitability and transform them into permanent rental accommodation, thus alleviating the lack of usual accommodation in distressed areas.”

The budget package will also establish a new luxury taxoy on assets such as private jets and yachts or luxury cars.

In addition, the government andwill increase personal income tax by two pointsCapital income above 300,000 euros to “continue to progress in horizontal equity with labor income”. Another of the agreements concluded by the PSOE and Sumar is the increased taxes on tobacco and vaping devices. They will also display the Artist Status comply once and for all with the specific taxation required by the world of culture.

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