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Reuters | , Posted by Zarafshan ShirazAthens
December 05, 2024 04:48 PM IST
Greece supports higher taxes on short-term rentals and hotel accommodations, levy on cruise arrivals
The Greek parliament on Wednesday approved a bill to raise daily taxes on short-term rentals and hotel accommodations and levy a levy on cruise ship visitors to deal with the impact of natural disasters on its economy.
Due to climate change, Greece is facing more extreme weather events such as floods, droughts and wildfires, which put pressure on its public finances. Tourism is the main driver of its economy, which emerged from a debt crisis in 2018.
The bill states that from 2025, the daily tax on short-term rentals in the April-October period – the country’s main tourism season – will increase from 1.5 euros to 8 euros ($8.41).
During the winter months, the tax will increase from the current 0.5 euros to 2 euros.
“We aim to collect 400 million euros annually, almost double the amount received last year,” a senior finance ministry official told Reuters.
The bill increases the daily tax on hotel accommodation during the summer months to 15 euros, depending on the hotel’s star rating. It also imposes a 20-euro levy on cruise ship arrivals to the popular islands of Antalya and Mykonos, and a five-euro levy to other destinations.
In 2023, the government presented a supplementary budget of 600 million euros to compensate households and businesses for the damage caused by the deadly Hurricane Daniel to rail and road infrastructure.
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This story is published from a wire agency feed without any modifications to the text. Only the headline has been changed.
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