Allowances for 4 and 5 star hotels will be different

Allowances for 4 and 5 star hotels will be different
Tax allowances for 4 and 5 star hotels will be different. According to the minister of Tourism and Environment, Blendi Klosi, investors in 5 star hotels will benefit from the full package. Minister Klosi added that these tax allowances will encourage strategic investors to spend billions of euros in this sector.

“As far as the difference between 4 and 5 star hotels are concerned, both hotel groups will benefit allowances in terms of tax on profit. As far as the reduction of VAT to 6% is concerned, 4 star hotels will not benefit it, while 5 star hotels will benefit it. Meanwhile, both hotel categories will be exempted from the property tax”.

According to the opposition, this tax package aims at favoring particular people.

“Such interventions aim at favoring particular people and launder dirty money”, opposition MPs said during the meeting of the parliamentary committee for production activities.

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