GVI and Airbnb officials at signing of landmark agreement The Government of the Virgin Islands (GVI) and Airbnb have signed a groundbreaking agreement in the Caribbean that will allow the platform to collect the 12.5 percent Hotel Room Occupancy Tax on behalf of hosts and remit the funds to the V.I. Bureau of Internal Revenue. It will also create a framework to help promote tourism to this destination, highlighting the cultural and historical heritage of this world-class destination.
Airbnb has been investing in partnerships in the region to support a thriving community of homeowners who are renting their spaces and creating new flows of local economic benefits. Agreements have been signed with several countries and with the Caribbean Tourism Organization (CTO) to create policy frameworks for this growing hospitality trend of home sharing. The recent announcement spearheads the company’s efforts in the Caribbean to collect and remit lodging taxes on behalf of hosts, allowing the hosts to comply and give
“This is good for our government because it streamlines the collection process and enables more of our citizens to participate in the visitor industry. Our hospitality sector will also greatly benefit from the promotional reach of this multibillion-dollar organization,” said […]