Tackling Victoria's STR Tax Levy

HospitableDec 16, 202437m 14s148 viewsScore 85
Regulations & Compliance
intermediate
Victoria STR Levy
short-term rental tax
Hospitable
direct bookings
tax collection
M

Summary

AI-generated

This video explains Victoria's new 7.5% short-stay levy for hosts, detailing its application from January 1, 2025, on booking fees. It covers exemptions, collection responsibilities for platforms and direct bookings, and how Hospitable will manage the levy for its premium users.

Key insights

  • Optional extras like firewood packages are not subject to the short-stay levy if the guest can opt out of them, as they are not considered part of the core booking fee.

Mistakes to avoid

  • For Direct Basic users with Stripe integration, failing to adjust markup rates to include the 7.5% levy can lead to undercollection and financial gaps, as Hospitable does not remit taxes for this tier.

Tools & resources

  • State Revenue Office of Victoria Websitewebsite

    The State Revenue Office of Victoria website provides information on the short-stay levy, including links to rulings and a draft declaration form.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial