Travel: Virgin Islands to Introduce Airbnb Tax Legislation - - PressFrom - US
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Travel Virgin Islands to Introduce Airbnb Tax Legislation

08:55  18 november  2019
08:55  18 november  2019 Source:   travelpulse.com

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Virgin Island Governor Augustus J. U. Jaspert is proposing legislation where property owners who already lease their homes for rent through Airbnb and "Our Government will introduce the AirBnB Tax legislation and Yachting Aid legislation to ensure the development of the local tourism product.

Taxation in the British Virgin Islands is relatively simple by comparative standards; photocopies of all of the tax laws of the British Virgin Islands would together amount to about 200 pages of paper. Taxation in the British Virgin Islands is mostly notable for what is not subject to taxation.

Virgin Island Governor Augustus J. U. Jaspert is proposing legislation where property owners who already lease their homes for rent through Airbnb and pay a hotel accommodation tax will be subject to a further tax.

a blue pool of water: Aerial shot of Trunk Bay, St John, US Virgin Islands© cdwheatley/E+ Aerial shot of Trunk Bay, St John, US Virgin Islands

The Gov. says the new Airbnb Tax Legislation will soon be introduced. He made the announcement on Thursday during his annual ‘Speech from the Throne.'

"On an immediate priority basis, our Government will give the tourism sector the attention and level of priority it deserves and focus on strengthening the accommodation sector, bringing new hotel investment, and supporting the marine sector," he said.

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Airbnb legislation is often a confusing theme for the majority of hosts. Check out some guidelines regarding Airbnb legislation in a few of the most For example, in certain tax jurisdictions, Airbnb must collect tax on your behalf, while in other areas, you alone will be responsible for ensuring that

The U.S. Virgin Islands Hotel Room Tax : 12.5% of the listing price for reservations 89 nights and shorter in the U.S. Virgin Islands . If a host believes applicable laws exempt the host from collecting a tax that Airbnb collects and remits on the host's behalf, the host has agreed that, by accepting the

"Our Government will introduce the AirBnB Tax legislation and Yachting Aid legislation to ensure the development of the local tourism product. Tourism development also means investing in the infrastructure locally and recognising the Film Commission as a vibrant investment center that can boost revenue.”

The Gov. said more regulation will come for the Tourism Act, "which will include, but not limited to the Anti Visitor Harassment and Solicitation legislation. The efforts will be buttressed with the National Tourism Strategic Plan to bring more legislative and regulatory structure to the Territory."

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Airbnb has been investing in partnerships in the region to support a thriving community of homeowners who are renting their spaces and creating new The Governor of the U.S. Virgin Islands , Kenneth E. Mapp, supported the agreement and noted that locals will increase their participation in the economic

The U.S. Virgin Islands has a very well-developed professional infrastructure consisting of numerous law firms, several major U.S. and There is no special legislation on this subject in the U.S. Virgin Islands . .142.51 - U.S. Virgin Islands : Corporate Income Taxes . The U.S. Internal Revenue Code

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