Airbnb opposes higher tax rate for short-term rentals in Panama

Airbnb has expressed support for the regulation and taxation of short-term accommodations in Panama, provided that the rules are clear, fair, and uniform. The company is currently opposing Bill 713, which proposes an ITBMS tax rate of 15% for short-term rentals, whereas other lodging establishments are subject to a 10% rate.

Airbnb argues that this differentiated tax rate would create discriminatory treatment among various types of tourist lodging and would directly impact thousands of individuals who rely on property rentals as a source of income. Carlos Muñoz, Airbnb’s Director of Public Policy and Communications for Central America, stated that the company favors taxation but advocates for maintaining a 10% rate to ensure industry uniformity.

The company has proposed several measures to the authorities, including the approval of Bill 301, which aims to regulate short-term accommodations through dialogue with sector representatives. Additionally, Airbnb suggests eliminating Article 30 of Bill 713 to establish a single 10% ITBMS rate for all types of lodging.