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Ministry of Finance says Cancun, Riviera Maya vacation properties will be regulated

Cancun, Q.R. — The Ministry of Finance is moving forward to ensure vacation rental properties pay similar taxes as hotels.

The federal secretary of Tourism, Miguel Torruco Marqués says they are continuing to work with vacation rental platforms like Airbnb and “soon we will have good news”. He says that everything points to tax contributions being made by these systems for next year.

Vacation rental platforms have been working with federal officials from the Ministry of Finance, SAT and Sectur to regulate the vacation rentals since they are seen as unfair competition.

“Everyone has to pay taxes” said Torruco Marqués adding that we do not have the same “complacent” program as before. He says that the tax rates paid by the vacation rentals will be the same as hotels allowing them to compete under equal conditions.

He explained that in Cancun, there are an estimated 9,000 units on the platforms, which is equivalent to more than 20,000 rooms that, he notes, will be regulated.

The taxes will include the Lodging Tax and the criteria applied to legally established hotels, however, they are analyzing if the vacation properties will also have to pay the Local Sanitation Right tax.