(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.

Just Posted

City of Revelstoke hires new director of engineering

Steve Black will be starting Nov. 18

Revelstoke Community Calendar for Nov. 14

Leela Gilday Nov. 15, 7:30 p.m. Performing Arts Centre $26 A passionate… Continue reading

Lazy Syrup Orchestra and Devon Coyote playing this weekend at River City Pub

Andy Siegel Special to the Review It’s not ski season yet but… Continue reading

Revy Let’s Talk: One seasonal Revelstoke resident shares on recovering from a cannabis addiction

A first-person addiction story shared anonymously to Stacie Byrne, CYMHSU local action… Continue reading

Malakwa woman still in the running for winning American baking show

Janet Letendre is the only Canadian competing on the Holiday Baking Championship

Syilx language program comes to West Kelowna

The course was first offered in Penticton

Grand Forks residents protest on bridge to call for ‘fair’ compensation after 2018 floods

Demonstrators also criticized how long it has taken to be offered land deals

B.C. taxi drivers no longer exempt from wearing a seatbelt

Before, taxi drivers were allowed to forego a seatbelt when driving under 70 kilometres an hour

Smelly situation sniffed out at Okanagan courthouse

Call of propane smell turns out to be sewer

Car dash covered in papers not an excuse for speeding, Delta police warn

After pulling driver over for speeding, police found his speedometer blocked by a stack of papers

Owner of Lake Country’s controversial Airport Inn charged with assault

Raif Fleihan was charged with assault with a weapon, uttering threats and breach of recognizance

Vancouver police officer charged with sexual assault in apparent off-duty incident

Jagraj Roger Berar, 51, of Surrey, charged in incident alleged to have happened in Whistler

CN Rail confirms job cuts as weakening economy cuts into freight volumes

Railroad also said it was affected by a slowdown in the B.C.’s forestry sector

Port Alberni mom takes school district to court over Indigenous smudging, prayer in class

Candice Servatius, who is an evangelical Christian, is suing School District 70

Most Read