News Local Apartments left out of bill to regulate internet rentals of holiday homes

Apartments left out of bill to regulate internet rentals of holiday homes

A bill aiming to regulate and tax holiday rentals on platforms such as AirBnB will cover villas and homes but not apartments and individual rooms. There are some 20,000 such holiday villas in Cyprus.

The bill was submitted by DISY’s Averoff Neophytou and EDEK’s Elias Myrianthis who left out a large number of premises to preempt protests and because of legal complications. They said the new regime will be extended at a later stage. Until then, apartments will continue to be rented over the internet without being checked by authorities as regards safety and hygiene, or being taxed on the revenue from such rentals.

The proposal is to include a provision for the licensing of self-catering establishments. It also sets specifications for such establishments as part of a policy to upgrade the tourist product.

It also provides for the establishment of a register by the Cyprus Tourism Organisation under regulations to be issued by the Council of Ministers. The state will not introduce a different tax regime, but will tax rental revenue as income tax.

The state and local authorities will have revenue from fees and taxes paid for the use of such premises by holidaymakers.

DISY president Averoff Neophytou said that registration will not be compulsory but that renting premises for tourism will be illegal unless these are registered.

EDEK MP Elias Myrianthous said the state is losing revenue and that the new regime will allow quality checks on the services offered

The Interior Ministry has given the thumbs up to the bill and will prepare the regulations for the operation of the register.


Top Stories

Medical students volunteer to supervise implementation of measures

The Health Ministry will proceed with carrying out rapid tests to the employees (weekly) and the residents (monthly) of old people’s homes, rehabilitation centers...

Metropolitan Isaias refuses to recognize Metropolitan of Kiev and Ukraine

Metropolitan Isaias of Tamasos and Orini says he refuses to recognize anyone else as the Metropolitan of Kiev and Ukraine. In a memo, Metropolitan Isaias...

Another two confirmed cases of COVID-19 in Rizokarpasso

Another two confirmed cases of COVID-19 have been found in Rizokarpasso yesterday. According to Presidential Commissioner Fotis Fotiou, the two are the children of a...

SPAVO Helpline sees a 40% increase in calls in 2020 due to pandemic

SPAVO, the Association for the Prevention and Handling of Violence in the Family, has seen an increase of 40% in the calls it received...

Elementary school suspends operation due to asphalt plant

Students of the Third Elementary School of Idalion will abstain from their lessons for three days with the prospect of escalating the measures indefinitely...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...