The Senate adopted, on Wednesday, the bill clarifying that the 50% reduction in taxes on buildings and land used for providing tourism services would apply if they are used for the mentioned purpose for a maximum of 180 days, rather than “seasonally,” as the law currently provides.
The legislative initiative does not broaden the scope of exemptions nor does it introduce new exemptions, merely bringing clarifications to the conditions that must be met to benefit from the exemptions.
Therefore, the legislative project provides that both the tax on land and on buildings “owned by natural and legal persons that are used for providing tourism services for a maximum of 180 days, consecutive or cumulative, during a calendar year, is reduced by 50%.” The reduction applies in the fiscal year following the one in which this condition is met, as is currently the case.
Frequently Asked Questions
What is the main change in the new tourism tax law?The law replaces the vague term “seasonal” with a specific limit of 180 days per year to qualify for the 50% tax reduction.
Who is eligible for this tax reduction?Both individuals and legal entities owning buildings or land used for tourism services for no more than 180 days annually are eligible.
When does the tax reduction take effect?The 50% reduction is applied in the fiscal year following the one in which the 180-day usage condition was met.