Hello has anyone experienced this issue I am having with Airbnb. I have a home in Europe and another in Asia. My income is paid into different bank accounts in local currency and I pay tax accordingly. 40% in EU vs 15% in Asia.
However I recently refunded a guest in Europe and the deduction was made from a future reservation in Asia. When calling Airbnb CS I explained that it should be deducted from future reservations in Europe not Asia - the reason being income tax is completely different in both countries. If I get income in Europe say 1000 € and refund 500 € I should get less income on my next reservation in Europe and pay less tax on income. ( I should be paying tax on 500 €)
As a result I am getting a deduction on income in a different country and in which I pay half the tax. I dont even know how to explain this to my accountant or inland revenue. Does anyone have any insight or experience with his.?
Any input would be highly appreciated.