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CTO taking action over Airbnb
Posted: Wed Mar 28, 2018 7:29 am
by Paphos Life
With the number of Cyprus Airbnb listings rising rapidly, the Cyprus Tourism Organisation (CTO) is planning to introduce a number of measures to curb the problems associated with the online service, starting with a meeting with various stakeholders next Tuesday....
Read the article and chat about it below...
Re: CTO taking action over Airbnb
Posted: Wed Mar 28, 2018 3:06 pm
by Jimgward
Every developer for decades has sold on the basis of ‘ rental income’ and the CTO knows this. They’re an inept organisation looking wrongly at raising tax illegally. I live in the uk and let in cyprus. I pay uk tax on it and give local work in maintenance, management and more. My electricity and water costs alone are a form of tax. It’s time the cto got real.
Airbnb is just a more modern holidaylettings ownersdirect or tripadvisor. As it is, booking.com and Expedia and tripadvisor are taking over the let market and they charge up to 20% as a few for transacting.