PARIS: Lawmakers in France voted this week that those who use sharing economy websites like Airbnb and Drivy to make money, must be treated as “professionals” and therefore pay the tax man.
However a cap will be put in place meaning the vote only really spells bad news for those who rent out their apartments or their car for most of the year. Those who rent out their apartments when they are holiday or when they go away for a weekend should not be affected given that the income threshold will be fairly high.
For those renting apartments on sites like Airbnb the cap will be set at €23,000 a year and for those renting out cars or boats on sites like Drivy the threshold will be €7,720.
The government’s goal is to fight against unfair competition that the likes of the French hotel industry have long complained about.
