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Starting July 1, 2028, a new EU Directive will come into effect, making VAT mandatory for all types of short-term residential rentals. This change will impact both property owners and the platforms that act as intermediaries in this sector.
In 2024, guests spent a total of 854.1 million nights in the European Union in accommodations booked through platforms like Airbnb, Booking, Expedia Group, or TripAdvisor. This marks an 18.8% increase compared to 2023 and sets a new record.
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