- Booking.com has agreed to pay 94 million euros to settle a tax dispute in Italy over the way it handles taxation of properties rented out through its website.
- Italian authorities have previously settled similar cases with luxury groups such as Kering and U.S. tech giants, including Apple, Amazon and Meta’s Facebook.
- Booking.com maintains that it is and always has been in compliance with applicable Italian VAT laws.
- Prosecutors in the northwestern Italian port city launched their investigation in 2018 and alleged that Booking.com evaded 153 million euros of value added tax (VAT) in connection with holiday rentals from 2013 to 2019.
- Under the settlement, Booking.com filed its VAT return in Italy for the year 2022, for a tax amounting to more than 19 million euros, and undertook to act as tax substitute for all transactions with private individuals not registered for VAT.
Source skift.com
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