Puerto Rico signed a deal with Airbnb under which the company will collect the room tax from hosts on the island and turn the revenue over to the U.S. territory’s government, which is mired in a financial crisis.

Gov. Ricardo Rossello said Airbnb will oversee the tax collection starting in August to ensure greater compliance from hosts as well as ease the government’s administrative burden. He said hosts across the island have remitted only about 20 percent of the room tax due.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]