With this Circular, We wish to inform you of an important amendment to the tax rules governing short-term rentals, introduced by Article 1, paragraph 17, of Law No. 199 of 30 December 2025 (“2026 Budget Law”), published in the Official Gazette on December 30, 2025 and effective as of January 1, 2026.
The legislator has amended Article 1, paragraph 595, of Law No. 178/2020, halving the threshold above which short-term rental activity is presumed to be carried out on a commercial basis.
This amendment significantly restricts access to the “cedolare secca” (flat-rate tax regime) for individuals who manage multiple properties, making the conditions that trigger the presumption of entrepreneurship much more frequent. As a result, a larger number of taxpayers may find it necessary to assess compliance with the obligations applicable to sole proprietors, such as, for example, VAT registration, registering with the INPS separate pension scheme, keeping accounting records, etc.
