Booking.com pays 94 million euros to Italian authorities. The Dutch holiday rental booking site has been involved in a tax case there for years. According to the prosecutor’s office, the company did not pay 153 million euros of VAT between 2013 and 2019. The parties have now agreed to compromise.
The case came to light through an investigation conducted by the Guardia di Finanza. In 2018, the Financial Intelligence Service investigated VAT payments by bed and breakfast owners in the Genoa area. This showed that Booking.com did not pay VAT. This will involve approximately 900,000 transactions.
Booking.com has taken the view that VAT is the responsibility of the accommodation owners, not the booking platform.
The company is now putting its promises into action. Although Booking.com still claims to comply with Italian VAT law, it has not yet awaited the court decision. “We are pleased that this solution was reached through consensus,” the company said.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
