Under the proposals, which will be debated in the islands’ parliament, the current tax will be divided into four rates and increase by between 66% and 200% in June, July and August depending on the property category, with a maximum of €6 per night.
In addition, the ITS will move from a two-tier system to four, with the tax being waived in January and February. The lowest hike will be from €1 to €2.50 per night, and the highest rate rise from €4 to €6 per night.