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AirBnb generates 55 Millions in Portugal in taxes for Lisbon and Porto

AIRBNB GENERATES 55 MILLIONS IN PORTUGAL IN TAXES FOR LISBON AND PORTO

On 12.12.2018 online accommodation of Airbnb said that in the first 9 months of 2018 it transfered a total of €55 million in ‘tourist tax’ revenues to the city of Lisbon and Porto. The Airbnb informed that tourists who used its services to secure accommodation in Portugal’s two biggest cities contributed €4million in Lisbon and €2 million in Porto. Since 05.2016, when it began to collect Lisbon’s €1 tax per bed per night for all guests in tourist accommodation (with a max of 7 nights), and the end of September this year, cumulative revenue has been more than €11 million in both cities. The Lisbon tax was introduced in January 2016. In Porto, a tourist tax of €2 per bed, as well for a maximum of 7 nights, began to be charged on 1 March this year, to “moderate the impact of the tourist footprint” in the city, according to the council. Since April 2016, Airbnb has, under an agreement with Lisbon city council, collected this tax from hosts and gave it to the city. This year saw a similar deal signed with the Porto council that started to be implemented in April.