Tax Office AFIP to Monitor Tourist Rental Agreements

Property owners and agencies that rent to tourists will be required to declare the information at the tax office AFIP from March next year, according to a resolution published in today’s Official Gazette.

Resolution 3687 establishes an “information regime with respect to temporary housing rentals to tourists”. The measure will apply to rental agreements at furnished properties that last between one day and six months.

Those who administer and manage the rental agreement will be subject to the new requirements, this being the owner of the property if no third party is used.

From 1st March, 2015, the relevant person or entity must register with the tax office and declare any tourist rental operations via the AFIP website by the 10th day of the month after the agreement is signed.

If no operations are carried out, the party must still declare this to AFIP by selecting the option ‘no movements’. If this option is selected for six consecutive months, there will no longer be a requirement to declare until a new rental agreement is made.

According to the resolution, those who do not comply with the new regulations will face penalties, including the possibility that their tax code will be temporarily deactivated.

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