Leaving Hostaway because of their booking fee?

Taxes

Stacy S
Nov 16, 2024 9:12 PM
Joined Mar, 2024 2 posts

I set up AirBnb and VRBO thru OwnerRez. They are both integrated and update the same and the calendar reflects bookings from both.

I have read the articles but I am very confused if I should have each tax listed amd then pay the tax to state, county and city or does VRBO and AirBnb? I know that they have an agreement setup but is it different for me because I use API in OwnerRez?

Suzee S
Nov 18, 2024 6:29 PM
OR Team Member Joined Apr, 2023 5 posts

When you API connect to Vrbo, you become Merchant of Record. This means you are fully responsible for collection and remittance of all taxes required of you, on your own behalf. Vrbo will no longer collect and remit for you as they were prior to API connecting.

For this reason, it's necessary for your taxes to be broken out and configured directly in OwnerRez so that they can be passed to Vrbo.

Vrbo has had some discussion about (them) remaining Merchant of Record when API connected perhaps sometime next year, but I wouldn't expect that any time soon.

For Airbnb, how taxes are handled will depend on the tax mode in your account. Feel free to reach out to us at the Help Desk if you'd like us to take a further look into your account.

Stacy S
Nov 19, 2024 12:35 PM
Joined Mar, 2024 2 posts

Thank you for a timely response. If you can look at my account to make sure it is setup correctly that would be great.

 

I want AirBnb to collect and remit all taxes except Horry. They are not yet setup with Horry County.

VRBO please check that it is considered API and that I must remit taxes. 

Thank you

Stacy Shelton Peaceful Coastal Escapes LLC

Peacefulcoastalescapes@gmail.com