(Pixabay)

Airbnb collects double the amount of provincial sales tax expected

Airbnb said it has paid out $33.7 million in provincial sales tax

Airbnb says it has paid $33.7 million in provincial sales tax in B.C., and another $9.2 million in municipal and regional district taxes.

The short-term rental company outlined the costs in a statement released Thursday, covering the period of October 2018 to September 2019. The PST total adds up to nearly twice what the provincial government was expecting.

The money is a result of a tax agreement between the province and Airbnb that the company collect eight per cent in PST and up to three per cent in municipal and regional district tax from customers.

Of the municipal and regional sales tax, $3.5 million went to Tourism Vancouver, and the remaining $5.7 million was distributed to cities and regional districts around the province.

Airbnb said around 500,000 people stayed at its Vancouver rentals in 2018, with two million guests around B.C.

READ MORE: Airbnb to collect provincial sales tax in B.C.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

First presumptive case of coronavirus identified in the Interior Health region

The woman, in her 30s, travelled from Shanghai and lives in the interior

Clearwater Rotary holds Iceman Days fishing derby

Variable temperatures in late January kept the ice on Dutch Lake sturdy… Continue reading

Valhalla awaits in Clearwater

Barriere residents (l-r) Steve Rainer, Mary MacLennan, Jordan Rainer, Carman Smith and… Continue reading

The Dreamer’s Lover

Reflections: by Rita Joan Dozlaw

Monday, Feb. 17 is Family Day in B.C. – Are you ready?

Nearly two-thirds of Canadians reside in a province that observes a statutory… Continue reading

VIDEO: Ottawa wants quick, peaceful resolution to pipeline protests, Trudeau says

The protests have manifested themselves as blockades on different rail lines across the country

Wet’suwet’en and B.C. government have been talking Aboriginal title for a year

Coastal GasLink says it has agreements with all 20 elected First Nations councils along the 670-kilometre route

Trudeau tightlipped on plan to end protests ‘quickly and peacefully’

The prime minister, who cancelled a two-day trip to Barbados this week to deal with the crisis at home

B.C. budget expected to stay the course as economic growth moderates

Finance minister said ICBC costs have affected budget

Canadian standards for coronavirus protection to be reviewed, health agency says

The protocols set out how health workers should protect themselves and their patients

Monday marks one-year anniversary of man missing from Langley

42-year-old B.C. man, Searl Smith, was last seen leaving Langley Memorial Hospital on Feb. 17, 2019

BC Ferries sailings filling up Family Day Monday

More than 20 sailings added between Swartz Bay and Tsawwassen for long weekend

Amtrak warns of delays as railways from Seattle to B.C. blocked by Wet’suwet’en supporters

Coastal GasLink said it’s signed benefits agreements with all 20 elected band councils along pipeline route

Federal emergency group meets on pipeline protests as rail blockades continue

There’s mounting political pressure for Trudeau to put an end to the blockades

Most Read