Filenews 19 July 2021
The Ministry of Tourism announces the start, from Monday 19 July 2021, of the application process for the registration of premises (mansions, residences, apartments) in the register of self-service accommodations. Applications may be submitted by natural and legal persons. To this end, the applicant should have, before submitting the application for registration of the accommodation in the register of self-service accommodations of the Ministry of Tourism:
- Registration with the Tax Department (Tax ID number and/or VAT where provided under the relevant legislation) of the Republic of Cyprus and
- Insurance Coverage of the Accommodation in force – At least against any risk, for fire and civil liability.
The application for registration will only be submitted electronically via the website of the Ministry of Tourism www.tourism.gov.cy
The applicant may advertise and/or rent the self-service accommodation, subject to the fact that it is registered in the Register of Self-Service Accommodations and has received a special mark and registration number from the Ministry of Tourism, which will be listed on each platform where the property will be advertised, as well as in all relevant transactions.
The registration fee for self-service accommodation is €222 per three years for each self-service accommodation.
It is recalled that income from the rental of self-service accommodation is subject to income tax and VAT in accordance with the provisions of the respective laws. They will also be subject to overnight fees to the Local Authorities. For relevant information, interested parties should contact the relevant Services (Department of Income Tax and Local Authorities- local Municipalities and Community Councils).
From 7.2.2022, the date of application of the relevant Law, the Ministry of Tourism may carry out an ex officio check on any self-service accommodation, in order to verify the existence of a permit to register self-service accommodations, as well as compliance with the conditions of its registration as self-service accommodation.
Interested parties can obtain more information on the corporate website of the Ministry of Tourism www.tourism.gov.cy
Source: Eyenews/PIO
