(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

Back in Time

Historical Perspective

Vavenby weekly news update

Doris Scarff is holding her Christmas Open House at her home from Nov. 22 - 24

Update from Clearwater Rotary

Rotary is making attending easier for members, and hoping more might join with an evening meeting

William Griffin arrested in Houston homicide

RCMP have now arrested William Griffin, the man wanted in connection to… Continue reading

Farewell to the Clearwater-Vavenby Lions Club

Due to declining membership, the local club disbanded in March of 2019

Cold, stormy winter forecast across much of Canada, The Weather Network predicts

In British Columbia temperatures will be slightly above normal and precipitation will be just below normal

Midget no more: Sweeping division name changes coming to minor hockey in Canada

Alpha-numeric division names will be used for the 2020-2021 season and beyond

Duncan man gets suspended sentence in Teddy the dog cruelty trial

Joe also gets lifetime ban on owning animals

B.C. pushes for greater ‘transparency’ in gasoline pricing

Legislation responds to fuel price gap of up to 13 cents

B.C. woman ordered to return dog to ex-boyfriend for $2,000

After the two broke up, documents state, they agree to share custody of the dog, named Harlen

B.C. petition calls for seat belts in new school buses

Agassiz bus driver collects 124,000 signatures in support

Abbotsford police chief mulls more enforcement of homeless lawbreakers

‘When all else has failed we have to hold people accountable,’ Police Chief Mike Serr tells council

Striking Vancouver hotel workers, employer reach ‘tentative’ agreement

Employees of the Rosewood Hotel Georgia have been out at picket lines since talks broke off on Sept. 21

Most Read