AirBNB New Laws

NEW CYPRIOT Law passed yesterday to regulate Users of Airbnb, etc

The bill, which covers both new and existing accommodation will now require owners / landlords that do not have a registered business, thus not paying VAT on accommodation income to the Cypriot government to pay a 14% flat rate tax on all their income generated.
Existing users will have a two year period to streamline their service, but will be liable as of yesterday on a 14% tax on any income received. Following the Cypriot government discussions with Channel partners new (users / landlords / owners) will now be obligated to enter a serial number – provided by the Cyprus government – before allowing home-owners to use their services. Expect this to come into effect within a month! … b-rentals/

Thanks Toon for sharing!

post sticked for a couple of months ;)

cheers Julien

Just adding a further 14% to the rate isnt going to cut it... I suggest that those who are involved in AirBnB rentals should simply register and pay only 9% tax... thus making themselves 100% legit...

i am told that one can add the  going rate of tax in the AirBnB settings...  but one still has to declare your gross income and maybe also the taxes levied and to be paid

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