Hello, there are any hosts who have their accounts in USA or Canada and also use them in Mexico?
Just trying to learn what best strategy. I recently saw an email that Airbnb going to apply new taxes on my earnings. About 20% and they recommend I will open a business in Mexico in order to get it back to 2-4%
I just saw the new earning modification on my income transaction
A total reservation "Payout" from $98.76 came to my bank account as $67.30
and a total "Payout" of $353.69 transferred to my account as $241.01
Before that, I was getting the full total payout transfer to my account. It looks like now %31 of my earnings going to taxes, they take 2 types of taxes out of my total "Payout"
Tax Withholding for Mexico Income - %17.6
Tax Withholding for Mexico VAT - %14.1
Can anyone explain to me what is going on? So total they get %31.7 out of my total Payout. Those the guests not paying the VAT anymore with their reservation? Those the host responsible for both?
*********While I type this I saw another thing I don't understand. So I will share the details
The "Total Payout" is
$353.69
When I go to the "Transaction History" I see new
4 different transactions lines that never have shown in any other transaction:
Host Remitted Tax +$50.08
Reservation +$303.61
Tax Withholding for Mexico Income -$62.60
Tax Withholding for Mexico VAT -$50.08
The total transaction was $241.01 out of $353.69 Total Payout. I'm so confused about why "Host Remitted Tax" wash the "Tax Withholding", anyone can help?
Any information, tips, or best strategy will be super welcome!