taxes

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Airbnb Delivers $700,000 to Kentucky in First 6 Months of Tax Agreement

FRANKFORT, KY – Airbnb, the world’s leading community driven hospitality company, announced that it collected and remitted over $700,000 in revenue to the Commonwealth of Kentucky in the first six months of its historic tax agreement. In September 2017, Airbnb and the Kentucky Department of Revenue announced a tax agreement authorizing the company to collect and remit the state sales tax (6%) and the state transient room tax (1%) on behalf of its Kentucky hosts. That agreement took effect on October 1, 2017. The September announcement noted that based on the state sales tax alone, if Airbnb bookings to Kentucky were to replicate that of the previous 12 months,…


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LouisvilleKY and Airbnb announce tax agreement

Story from Louisvilleky.gov Louisville, Ky., – Louisville Metro and Airbnb have announced the finalization of an agreement that will allow the company to collect and remit taxes on behalf of its hosts in Louisville and Jefferson County. Effective April 1, Airbnb will automatically collect and remit the Louisville Transient Room Tax (8.5%) for taxable bookings. The agreement allows Louisville to fully benefit from people visiting and staying longer through home sharing. Collecting and remitting hotel taxes can be complicated, as the rules were designed for traditional hospitality providers and large hotel corporations with teams of lawyers and accountants. That’s why…