- General Consumption Tax (GCT) will be imposed on short-term rentals, including AirBnBs, starting April 1, 2027.
- The tax rate on tourism activities will increase from 10% to 15%, but implementation is deferred to 2027 due to recovery from Hurricane Melissa.
- The legislation was approved in the House of Representatives, but the Opposition criticized the process and lack of transparency.
- Opposition members are calling for a full impact assessment before the tax is implemented.
Source: revonews.ai
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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