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Today: March 04, 2024

Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations

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Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations
December 13, 2023

(Reuters) - Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax obligations for the 2017-2021 tax years.

Airbnb Ireland did not admit any liability as part of the agreement, which did not include assessments for 2022 and 2023, Airbnb said in a regulatory filing.

Last month, a judge in Italy ordered the seizure of 779.5 million euros from Airbnb's European headquarters in Ireland for alleged tax evasion.

($1 = 0.9282 euros)

(Reporting by Abhijith Ganapavaram and Aishwarya Jain in Bengaluru; Editing by Shounak Dasgupta)


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