The Finance Bill for 2024 sets up new taxation rules for furnished tourist accommodation.
From 2024, owners of furnished tourist accommodation will be covered by the micro-BIC scheme if their turnover does not exceed €77,700 (instead of current €188,700).
This means a flat-rate allowance for expenses of 50% instead of 71%.
An additional deduction of 21% will be granted to those whose turnover for all their activities remains less than or equal to €50,000 (threshold updated every 3 years).
The aim of this measure is to protect principal residences in tourist areas.
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