More than 779 million euros were seized from AirBnb

Bad blow to AirBnb. Milan Financial Police, upon the order of the investigating judge, seized over 779 million euros from Airbnb Ireland Unlimited Company, owner of the short-term rental platform of the same name, as part of the investigation carried out by the Prosecutor’s Office for tax crimes. The three suspects, as stated in prosecutor Marcello Viola’s note, “held managerial positions in the same foreign company from 2017 to 2021.” The multinational company would come to the attention of Fiamme Gialle for alleged tax evasion between 2017 and 2021.

The implementation of the injunction came as a result of investigations carried out by the Office of the Milan Prosecutor’s Office II, based on the results of the tax audit carried out by the Milan economic-financial police unit against the above-mentioned foreign company. However, it turned out that it did not comply with the obligations imposed by Article 4 of Decree Law No. 50/2017 regarding the activities carried out in Italy.

According to the Milan Public Prosecutor’s Office, American short-term rental giant AirBnb, together with its European company in Ireland, “failed to comply with the obligations” imposed by Article 4 of Decree Law No. 50 of 2017 and “failed to declare and pay (as withholding) from its guests” Withholding tax in the amount of “total exceeding 779 million euros” calculated as 21 percent (so-called “dry tax”) on short-term rental payments of 3,711,685,297 euros paid in the period 2017-2021. “Accommodation facilities advertised by the platform in relation to reservations made, amounts subsequently refunded to the property owners (hosts) after deducting the commission received from the use of the relevant digital infrastructure”.

The main injunction is based on an objection to the offense of non-filing of a tax return “committed from 30 January 2019 to 30 January 2023” and is justified both in terms of direct or equivalent subsequent compulsory confiscation and in terms of the acknowledged risk. prolongation and aggravation of the consequences of the crime, “also referring – in the letter from the prosecutor’s office – to the economic damage caused by non-payment of tax due to other operators in the sector complying with the role of withholding agent”.

Source: Today IT