Home Headlines New tax and occupancy rules for rental platforms like Airbnb and Booking in CDMX

New tax and occupancy rules for rental platforms like Airbnb and Booking in CDMX

by Yucatan Times
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 Mexico’s capital revised regulations for rental platforms such as Airbnb and Booking, requiring property owners to report rental occupation data and comply with local taxes, the official gazette showed on Thursday, April 4th.

Mexico has long been a top global tourist destination, famed for white sand beaches and ancient ruins. In recent years, the capital Mexico City has emerged as a growing attraction for both travelers and so-called digital nomads who can work remotely.

The growth in foreigners in Mexico’s capital, concentrated in a handful of neighborhoods, has also stoked a backlash, with some locals complaining that popular apps like Airbnb, Booking and Trivago contribute to gentrification and spiking housing costs.

Under the new rules, hosts will have to sign on to a registry to operate and need to update it every two years with information such as how many times it has been occupied and complaints received.

Tourism contributes more than 9% of economic activity in the capital, known for numerous cultural attractions, its food scene and temperate climate.

TYT Newsroom

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