Local property owners who temporarily lease their homes through online booking agents, Air BnB, are now required to pay hotel accommodation tax in the BVI.
Government made this a requirement during a Cabinet meeting on April 30.
According to the post Cabinet report, government entered into an agreement with Air BnB to facilitate tax collection.
Notably, this move comes approximately five months after the BVI Tourist Board signed a Memorandum of Understanding (MoU) with the United States company for locals to lease their properties to visitors on a short-term basis.
The MoU came at a time when there was a decrease in the number of available accommodation for visitors following the onslaught of hurricanes Irma and Maria in 2017.
“We are pleased to be a formal part of the Airbnb network. We think Airbnb properties present a fabulous opportunity for home-share guests to be able to experience authentic British Virgin Islands culture and lifestyle,” said Tourism Director Sharon Flax-Brutus at the time.
Among the objectives of the agreement was to drive local, authentic, and sustainable tourism to the territory and ‘democratize the tourism economy’.
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