You hire an condominium to vacationers – 2024-05-17 17:16:18

by times news cr

2024-05-17 17:16:18

The house owners of any condominium or room rented short-term to vacationers will come out of the entire anonymity they’re in now.

A European regulation, printed a couple of days in the past within the Official Journal of the EU, requires every member nation to introduce registration of those properties. Accordingly, the platforms that publish advertisements – Airbnb, reserving and the like – will probably be obliged to supply the state authorities with information on every paid night time. And which means that there isn’t any strategy to conceal taxes.

The regulation has been beneath dialogue since final yr, when the tourism business in a number of international locations requested

regulation of those lodging,

as a result of they undercut resort costs. Because the laws have direct impact, the foundations come into power, however not instantly, however from Could 20, 2026.

The registration quantity will probably be issued by the tourism ministry in our nation, and this can solely need to be achieved electronically, the regulation says. It will not be free, however the doc recommends issuing at a “affordable value.”

The registration quantity itself is accompanied by the proprietor’s identification, contact particulars and the positioning deal with. They, nevertheless

is not going to be public

and can solely serve to establish the house owners earlier than the state authorities.

Many necessities are additionally launched for the platforms that function an middleman between visitors and hosts. To begin with, the related registration variety of the thing should be current in every commercial.

The platforms themselves are obliged to provide the management authorities information on every transaction – variety of paid nights, what number of visitors stayed and the way a lot they paid. Usually

it is rental revenue

that are taxed in each member nation, together with our nation, however till now there was no management mechanism. Tax on rental revenue in Bulgaria is 10% of revenue after the tax base is diminished by 40% for inherent prices.

An exception to offering information to the state is made just for platforms which are of a small enterprise capability or have lower than 4,250 printed advertisements per thirty days. Nonetheless, this isn’t relevant to essentially the most well-known platforms which

submit tons of of hundreds of advertisements each month

A lot of the textual content of the regulation offers with the technical necessities for the transmission of this data, which should even be achieved electronically. The necessities are the identical as for fiscal money registers, which the NRA screens in actual time.

The regulation stipulates that each 2 years the member states report back to the European Fee the achievement of the necessities. The primary complete evaluate of its operation will happen by 20 Could 2031.

In lots of developed vacationer cities in Western Europe, there at the moment are a lot of restrictions on the short-term rental of housing to vacationers. There are additionally cities like New York which have successfully banned this exercise by requiring hosts to be current within the residence whereas there are visitors in it, which is virtually very tough.

In Vienna, they restricted the renting of residences for a most of 90 days for the entire yr, and in Paris – as much as 120 days a yr.

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