(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

School District 6 announces new superintendent

Karen Shipka will be taking on superintdent’s job this August

A new face at the Bulletin

Well hello there Kimberley! My name is Paul Rodgers and, as of… Continue reading

City approves distribution of Winter Games Legacy Grants

At the meeting on Monday, Feb. 24, Council was asked for authorization… Continue reading

Kimberley Civic Centre Walking Program – A safe way to return to an active lifestyle

Mark McNab has been attending the walking program almost every Friday since… Continue reading

Otters relocated after devastating fish populations at Kootenay hatchery

The otters were relocated out of the Kootenay watershed last year in an effort to save the fish.

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

Private clinics would harm ‘ordinary’ people using public system in B.C.: lawyer

Health Minister Adrian Dix announced in 2018 that the government would begin to fine doctors $10,000

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

Police ID man found dead in west Kootenays after probe leads to no arrests

Forty-seven-year-old Aaron Graham, of Vallican, has been identified as the man killed

Child in hospital following fatal crash that killed father, sibling on B.C. highway

The single vehicle crash occured near Kamloops on Highway 5A

‘Die!’: Vernon councillor mailed death threat

This story contains information that might be sensitive to some readers

Hidden message connects Castlegar homeowners decades apart

The Rodgers family was surprised when a message fell out of the walls as they were renovating

Two B.C. men plead guilty to bus-terminal assault of man with autism in Ontario

Parmvir Chahil and Jaspaul Uppal due to be sentenced in June for aggravated assault

Most Read