(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

COVID-19: Quesnel RCMP adjusts workers’ hours at the detachment

Police are also encouraging online reporting

B.C. Wildfire Service will expand its operations at Quesnel Airport

A new lease agreement with the City of Quesnel will allow BCWS to house additional crews at airport

COVID-19: Signs of the times

Hearts for frontline workers and social distancing reminders around Quesnel

COVID-19: Quesnel considers its most vulnerable

City in contact with the shelter and B.C. Housing to ensure well-being of homeless during pandemic

COVID-19 case confirmed at Subway restaurant in Cache Creek

Customers who visited the site from March 25 to 27 are asked to self-isolate

B.C. couple celebrates 61st anniversary through seniors’ home window

Frank and Rena Phillips marked occasion at Nanaimo Seniors Village this week while social distancing

‘There can be no ambiguity’: Travellers brought home to B.C. must self-isolate

Health Minister Adrian Dix said the mandatory isolation must be abided by

COVID-19 has been impacting Canadian economy since January

But full effects of pandemic won’t be known for months

Doctors trained abroad want to join front lines of COVID-19 fight in Canada

B.C. is looking to allow internationally trained doctors to work under the supervision of attending physicians

Fake test kits and other COVID online scams play on public anxiety: fraud centre

Vancouver has seen a spike in commercial property crimes, with offices and stores empty because of COVID-19

Canada’s 75% wage subsidy is coming, but not for several weeks: finance minister

Subsidy will cost Canada $71 billion, but push down cost of emergency benefit, Morneau said

Feds amplify stay-home message as cost of financial aid to Canadians mounts

Liberals have unveiled around $200B in direct financial aid and tax deferrals

‘We will get through this’: B.C. sees new COVID-19 death, but 57% have recovered

A total of 1,066 people have tested positive for the novel coronavirus

Most Read