Thursday, September 29, 2016

The Swedish Tax Agency Is Cracking Down On Airbnb Hosts

Via Business Insider:

The Swedish Tax Agency is currently increasing its scrutiny of people who have let out apartments on the platform called Airbnb, Dagens Nyheter reports.

With the quick rise of the sharing economy Swedish government agencies have lagged behind in struggling to adapt, leaving services such as Airbnb basically unsupervised. But now, earnings from apartment rentals could mean a lot of delayed taxes.

Unlike Denmark, Sweden's regulations hold all earnings from rentals mediated by an intermediary like Airbnb as taxable income reagardless of the total amount.

People who have earnings from Airbnb exceeding SEK 50,000 (~$5,800) or have let out on Airbnb for a total of 16 weeks or more also face an obligation to pay the VAT of 12%.

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