Fidesz proposes tax on Airbnb

Issues

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An annual flat tax of HUF 1,500 per square meter would be levied on homes rented through Airbnb under a proposal submitted by the ruling Fidesz party to the cabinet, online news portal index.hu reported yesterday.

The proposal calls for capping the number of flats that any one person that can rent through Airbnb at three.

Proponents of the new rules argue that letting out rooms is now a part of the gray economy, but if taxed reasonably, the practice could still continue and still be profitable. Tax audits on the sector could be stricter, proponents said, and some in the government are reportedly pushing for a law that would make all rules that apply to hotels to be extended to private accommodation letting. The bill could be put before Parliament along with next year’s budget, index.hu said.

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