From Iceland – Suspected serious tax violations related to Airbnb

Brittnee Kiner

Airbnb provides a platform for people to rent various accommodations, such as apartments, cottages, etc., to tourists. Data from the site was obtained by the Director of Tax Investigations and led to suspicions of large-scale tax offenses by Icelanders. Violations could result in significant fines or jail time, depending on the seriousness of the offence.

Undisclosed payments by Icelanders

Frettablaðið reports on the matter, explaining that the fine or conviction depends on the amount coming from Airbnb’s income that was not disclosed on the tax returns of the alleged Icelanders. In some cases, undisclosed amounts could amount to tens of millions of ISK.

Fines and convictions on the horizon

The Director of Tax Investigations has been working since last year to analyze payments totaling ISK 25.1 billion to Airbnb Icelandic taxpayers from the years 2015 to 2018. The appointed Director of Tax Investigations, Theodóra Emilsdóttir, claimed that certain violations grow to be significant. scale in their offense.

Note: Due to the effect of the coronavirus on tourism in Iceland, it has become increasingly difficult for the Grapevine to survive. If you enjoy our content and want to help Grapevine reporters do things like eat and pay rent, please consider joining our High Five Club.

You can also check out our store, filled with books, clothes and other cool products, which you can buy and have delivered right to your door.

You can also receive regular news from Iceland, including the latest eruptions notifications, as soon as they occur, by subscribing to our newsletter.

Comments are closed.