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.