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News: New tax policy to affect tourists to Italy

Italy is planning to allow its towns to tax tourists up to EURO 5 ($6.30; £3.40) per day, reports Jet-to-Let Magazine...

The Italian government's 2007 budget will grant Italian towns powers to tax tourists up to EURO 5 ($6.30; £3.40) per day.  This charge would also apply to domestic tourists.  These local revenues will be used to pay for tourism structures and services.

On a national level, the Italian government has ambitious fiscal goals this year.  On the one hand, the 2007 budget aims to reduce tax for up to 90% of Italians.  On the other hand, the government wants to reduce Italy's deficit by EURO 14.8 billion, bringing it down to 2.8% of GDP.  If successful this would be the first time the Italian government has reigned in its deficit below the European Union's 3% cap in the last five years.

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