WILLEMSTAD - The Ministry of Finance is in the process of reaching an agreement with Airbnb. It is the intention that the platform pays the turnover tax due for short-term rentals to the tax authorities. In the second half of 2022, the bill that makes this possible must be submitted to Parliament for approval.
This was declared by the Minister of Finance Javier Silvania in a parliament meeting yesterday.
As is known, it is a thorn in the side of the sector that not all landlords of holiday accommodations pay sales tax. As a result, there is no level playing field. The sales tax is used to promote Curacao abroad.
The government has been negotiating with Airbnb for years. A Memorandum of Understanding (MoU) was signed in 2017. The MoU was extended in 2019. The MoU discusses the promotion of the island and cooperation on shared interests.