The online home rental platform Airbnb has signed an agreement with the Danish Tax Authority under which it will automatically report the income of homeowners resulting from the rental of properties, this being the first such agreement globally for the short-term rental service.
As part of the agreement, the number of days a homeowner can rent out their home through the platform is limited to 70 per year.
The agreement is intended to identify potential cases of tax evasion, in a context where Airbnb faces increasing pressure from regulatory authorities around the world.
Airbnb has over 30,000 registered property owners and over 900,000 users in Denmark.
Source: Profit
Frequently Asked Questions
What is the main purpose of the agreement between Airbnb and Denmark?
The agreement aims to combat tax evasion by automatically reporting host income to the Danish Tax Authority.
Is there a limit on how many days a property can be rented?
Yes, the agreement limits short-term rentals to a maximum of 70 days per year.
How many Airbnb hosts are there in Denmark?
There are over 30,000 registered property owners using Airbnb in Denmark.