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

UPDATE- Twenty-five new coronavirus cases today out of 2,950 tests total

According to an update the Ministry's Epidemiological Surveillance Unit has received it is announced that 10 additional new cases of the SARS-CoV-II virus were...

Bag snatcher caught red handed thanks to observant woman

A 22-year-old foreigner was arrested on Friday for snatching the bag of a 63-year-old foreign woman in a restaurant in Paphos. The theft was...

Fire in two adjacent houses in Fterikoudi under control (photos)

A fire broke out in two adjacent houses in Fterikoudi village in Nicosia a little before 2 pm on Saturday causing extensive damage. According to...

Man, 26, arrested for causing malicious damage to antennas

Police arrested a 26-year-old man on Saturday afternoon in connection with cases of attempted arson and causing malicious damage to antennas of mobile phone...

Fifteen new coronavirus cases detected out of 2,891 tests

The Ministry of Health has announced that 15 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...


Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...


Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...