Interest is especially high in the 7th district, where local ruin pubs attract international youth, as well as more traditional touristic areas for “non-partying” guest, the real-estate agency remarked.
Hungaryʼs National Tax and Customs Authority NAV told MTI that homes rented to travelers online by their owners qualify as commercial accommodation and require licensing and a tax number. Such accommodation is subject to an 18% VAT but are exempt up to an annual tax base of 6 million.
NAV also said they are conducting test purchases to determine compliance with the tax, threatening violators with fines of up to HUF 1 million.
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