Insight
Parliament approved a 15% tax on short-term rentals.
Parliament approves 15% tax on Airbnb and other short term rentals effective next year April
Summary
Parliament has approved a 15% tax on short-term rentals, including Airbnb, effective April of next year. This new regulation will impact all hosts operating within the jurisdiction. Hosts should prepare for changes to their financial planning, including understanding potential tax implications.
Key takeaway