Irish Authority Tacking Down Airbnb Incomes

September 19, 2018 Taxation in Ireland

airbnb in irelandDUBLIN – 12 000 taxpayers in Ireland are being asked if they have paid all taxes owing on their Airbnb incomes.

The Revenue Commissioners of Ireland is sending out letters to thousands of homeowners in the country who are using Airbnb to rent out their properties.

As many as 12 000 taxpayers across the country will soon receive letters reminding them that if they rented out their properties on the popular short-term letting site they may be liable to pay taxes on any of their derived incomes.

Any incomes made from Airbnb must be declared, or the taxpayer will be liable to pay fines and penalties on top of the owing interest.

The letters are being sent based on information obtained from Airbnb regarding rentals over the course of 2014, 2015, and 2016.

Neither the Revenue Commissioners nor Airbnb released data on the individual earnings of each contacted taxpayer, but it was indicated that the typical host in Ireland sees an income of approximately EUR 3 500 per year.

In its letter, the tax authority indicated that along with the current compliance reminders it would be conducted ongoing compliance checks in the near future.