Tag: Hotel and Tourism Tax

Airbnb has collected USD 1 billion in hotel and tourism tax (TOT) globally to date. The home-sharing company has established partnerships with more than 400 governments around the world to collect and remit taxes. It was announced through a press release. “At Airbnb, we’ve made the commitment to treat every city personally and help ensure our community pays its fair share of hotel and tourist taxes (TOT),” the statement said. “Home sharing democratizes revenue by providing an increasingly valuable source of funding for governments around the world. When Airbnb collects and remits hotel and similar taxes on behalf of our ... Read more