Vacation property owners to be ruled by new tax law in 2024

The Quintana Roo government will impose fines on noncompliant digital platform lodging services and property owners. Monday’s announcement followed a meeting of the State Congress.

Owners of vacation properties who are not licensed to operate and who are not registered with the State Taxpayer Registry will not be allowed to operate. The first day of 2024 will see the implementation of the new regulations.

Digital platforms will also be penalized if they fail to give the state treasury access to their list of hosts.

Quintana Roo government will begin enforcing the new regulations on vacation home owners on January 1, 2024. They will do this by matching online advertisements with the Quintana Roo Tax Administration Service database.

Simultaneously, a penalty is instituted for web hosts who fail to fulfill their duty of submitting their list of hosts to the tax authorities in accordance with the guidelines of the Quintana Roo State Lodging Tax Law.

The goal of the program is to lower tax evasion on houses that are listed on online rental marketplaces like Airbnb.