United Kingdom
United States
Asia Pacific
Airbnb to pay Italy half a billion Euros in tax dispute
Global short-term rentals platform Airbnb will pay Italy over half a billion Euros to settle a tax dispute.
Airbnb has agreed to pay Italy’s tax authorities €576 million (£496 million).
The amount relates to tax receipts Airbnb failed to collect from Airbnb hosts renting out their rooms, apartments and houses on the platform.
Owners are required to pay 21% tax on short term rental earnings.
The settlement is about three-quarters of the total tax revenue owed.
Airbnb said it will take the financial hit itself and won’t push Airbnb hosts to pay the tax.
The alleged tax evasion covers the 2017-21 tax years.
Airbnb has been operating in Italy for 15 years.
Last year Airbnb challenged the requirement to withhold 21% of rental income earned by landlords.
The EU Court of Justice ruled against the company.
Italian prosecutors said Airbnb failed to collect taxes on gross rental income of €3.7 billion.
Italy is also planning to raise the tax from 21% to 26%.
Learn more about : Airbnb Luxe | Luxury Retreats ( United Kingdom )
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Florida’s Tourism Boom: Dana Young Analyzes Surge in UK Visitors
Elliott Ferguson’s Vision: Elevating Washington DC’s Global Appeal
Empowering Travel Agents and Tour Operators: A Conversation with Go Nexus Group President
Expedia TAAP incorporates AI for their 100,000 registered agents
Travefy CEO & Founder Talks About Their Itinerary Management For Travel Professionals
MMGY’s Jonathan Sloan: A Tale of Triumph Amidst Adversity
Unlocking Opportunities: Viator Empowers Travel Agents with Innovative Tools and Expansive Offerings
Kazakhstan Explored: A Journey into the Unknown
Behind the Scenes of Vegas Tourism: Kelly Messina’s Insider Perspective
Preserving Mexico’s Beauty: A Conversation with Doris Patiño from Xcaret
Easton Wasinger Unveils Trawick: Affordable Travel Insurance with Exceptional Service
Deleted video
BA flight attendant taken off duty after boozy altercation
Passenger attempts suicide on Bangkok-London flight
Ship crew member arrested after stabbing attack
Report: Viking Sky outage could have been ‘one of the worst disasters at sea’
Spain hits Booking.com with record €530 million fine