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Booking: From November 1, those who rent apartments must declare the NIPT

2023-10-27 08:38:44Biznes SHKRUAR NGA REDAKSIA VOX

Booking: From November 1, those who rent apartments must declare the NIPT

After the country's return to a favorite tourist destination, the number of individuals who register their properties on Booking or AirBnb for daily rent has increased significantly, but the vast majority of them operate informally, according to real estate agencies.

Cooperation has already been established between the international companies that offer this type of service and the tax administration for the formalization of the market and for the taxes that must be paid for the income generated from short-term rentals.

At the request of the Albanian authorities, the Booking platform, through an announcement, has asked the owners of the apartments that if they do not declare the NIPT, from November 1 they will pay 20% VAT for the commissions that Booking holds.

"Please make your NIPT number available by 31 October 2023. Also confirm your VAT registration, date of registration and VAT registration statement by 31 October 2023. From 1 November 2023, if you have not submitted VAT registration, confirmation that you are VAT registered, the date and a copy of your proof of registration we will apply 20% VAT to the commission invoice we send you. Please note that this only applies to the commission bill we send you, it does not affect the VAT charged to the customer on the price of their stay at your property," says Booking's announcement.

If a house has a daily rent of 100 euros, Booking usually takes 12-18% commission, or 12-18 euros.

Booking will keep the VAT from the apartment owners on the commission it receives, ie 20% of the 12-18 euros, or an additional 2.4-3.6 euros. Booking will then pay this amount to the Albanian fiscal authorities.

Owners' alternatives, either 15% income tax, or register as accommodation facility with 6% VAT

While the amount that Booking will keep as VAT on the commissions may not be very high, the aim of Taxation is that through these payments the individuals registered on this platform will be identified, as the data from the payments made by Booking will be sent to them Directorate of Taxes.

The latter will then turn to the owners of the apartments to ask them to pay taxes on the income they benefit, based on the fiscal legislation.

After tax identification, individual owners have two alternatives:

First, they can continue to maintain the status they have, ie. not to be registered for taxes, but in the meantime they must pay 15% as tax on the income they receive from rent. Second, to be registered as a categorized commercial entity, as an accommodation structure for which the VAT liability is 6%. Categorization as an accommodation structure for the benefit of 6% VAT is carried out by the Ministry of Tourism, and further after receiving it, the commercial entity is registered for NIPT in Taxes, Monitor writes.

At the moment, this measure to formalize the market through the identification of owners registered on foreign platforms is for Booking, it is expected to soon be extended to the identification of properties registered on AirBnb and Tripadvisor.

Booking: From November 1, those who rent apartments must declare the NIPT


Në përputhje me standarded JTI

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