Airbnb collects and remits over $9 million in taxes and fees to Chicago in 2021 - Airbnb Newsroom
Summary
Airbnb remitted over $9 million in taxes and fees to Chicago in 2021, demonstrating the platform's role in local tax revenue. This highlights Airbnb's compliance with city regulations and the financial impact of STRs. Hosts should ensure they understand and comply with local tax obligations.
Key Insights
- •Airbnb collected and remitted over $9 million in taxes and fees to Chicago in 2021.
Action Items
- ✓Hosts should ensure they understand and comply with all local tax obligations.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to comply with local tax regulations can result in penalties and fines.
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