Hello,I received an email tonight from AirBNB regarding some...
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Hello,I received an email tonight from AirBNB regarding some legislation in the TX House that would allow AirBNB to collect a...
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How do the taxes work and what should I be doing
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@Alicia1283 As an Airbnb host, understanding and managing taxes related to your rental income might be confusing. Some local governments require hosts to collect occupancy taxes (also known as tourist taxes, room taxes, or hotel taxes) from guests. In some areas, Airbnb collects and remits these taxes on behalf of hosts. In some countries, Airbnb may report your earnings to the tax authorities. You should receive a summary of your earnings from Airbnb for tax purposes. If you're in a country that charges Value Added Tax (VAT), Goods and Services Tax (GST), or similar, you may need to consider how this affects your Airbnb earnings. You can also check this article 481 from Airbnb's help center. Hope this helps!
@Alicia1283 As an Airbnb host, understanding and managing taxes related to your rental income might be confusing. Some local governments require hosts to collect occupancy taxes (also known as tourist taxes, room taxes, or hotel taxes) from guests. In some areas, Airbnb collects and remits these taxes on behalf of hosts. In some countries, Airbnb may report your earnings to the tax authorities. You should receive a summary of your earnings from Airbnb for tax purposes. If you're in a country that charges Value Added Tax (VAT), Goods and Services Tax (GST), or similar, you may need to consider how this affects your Airbnb earnings. You can also check this article 481 from Airbnb's help center. Hope this helps!
Hey there @Alicia1283,
@Alicia753 has give you some great advice here - thank you! I just wanted to add some guides as a reference point for you.
✨ How to taxes work for Hosts?
✨ What hosting regulations apply to you?
You can always head to the Airbnb Help Center
and type 'taxes for (insert your location)' in the search bar to get more specific information.
Let us know how you get on!