27.07.2021

Extension of tax credit for hotel renovations

There is an extension of the tax credit for the renovation of hotels under Article 10 of Decree-Law 83/2014 to the extent of 65% until 2022. Upon submission of a special application, the hotel company will obtain a tax credit for expenses incurred for the renovation of hotel facilities. Beneficiaries are: Hotel establishments, agritourisms, spas and outdoor accommodations (e.g., campgrounds). The credit is recognized in relation to expenses such as building renovations, elimination of architectural barriers, improvement of energy efficiency and other interventions (e.g. purchase of furniture and furnishings) up to a maximum amount of 200,000.00 euros (and therefore for a maximum amount of expenditure of 307,693.30 euros).

The implementing regulations for the recognition of this tax credit will be published first.