The legal responsibility of vacation rental owners to collect and remit taxes related to their rental income, such as lodging taxes and sales taxes.
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Glossary Term: Lodging Tax
18 posts
An agreement between a short-term rental operator and a local government or tax authority where the operator agrees to collect and remit lodging taxes on behalf of their guests.
A tax levied on short-term rentals, typically collected from guests and remitted to local authorities.
A fee charged to visitors by local governments or tourism boards, often added to the cost of accommodations or other tourism-related services. Revenue generated typically supports local infrastructure, tourism promotion, or cultural preservation.
A unique number assigned by a state government to businesses for tax collection purposes, often required for short-term rental operators.
Taxes levied on short-term rental income by local or state governments, often subject to specific regulations and collection methods.
Understanding and complying with local lodging taxes, occupancy taxes, and other jurisdiction-specific tax requirements for short-term rentals.
Local government levies imposed on the assessed value of a short-term rental property, often subject to specific regulations and rates.
Adhering to local regulations and remitting required taxes on short-term rental income, often involving registration, collection, and reporting obligations.
A tax levied on the rental of accommodations, including short-term rentals, in many jurisdictions. Also known as a transient occupancy tax or lodging tax, it is typically calculated as a percentage of the rental rate and collected from guests.
A tax levied on guests staying in short-term rentals, often collected by the host and remitted to local tax authorities.