June 25, 2017

USVI, Airbnb Sign First Tax Agreement In Caribbean

Photo of LG Smartphone with Airbnb logotype on the screen
Copyright: gyddik / 123RF Stock Photo

Today the Government of the Virgin Islands and Airbnb signed a groundbreaking agreement in the Caribbean, which will allow the platform to collect the 12.5% Hotel Room Occupancy Tax on behalf of hosts and remit the funds to the V.I. Bureau of Internal Revenue, the Department of Tourism and Airbnb announced in a joint press release. The Consortium previously reported the partnership, which is the first of its kind in the territory. It will also create a framework to help promote tourism the territory, highlighting the cultural and historical heritage of the islands, which Airbnb described as a world class destination.

The release says 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. Today’s announcement spearheads the company’s efforts in the Caribbean to collect and remit lodging taxes on behalf of hosts, allowing Airbnb hosts to comply and give back to their community.

Governor Kenneth Mapp supported the agreement and noted that […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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