What is tax payout and how does it work?

Taxes you've added with this feature are calculated from your payout, but will be paid out separately. Your payout includes your nightly price, cleaning fee, and any other fees you’re collecting for new bookings, minus the host service fee. You’re responsible for providing the tax amount you want to be collected. And, as always, you’re responsible for submitting, paying, and reporting all taxes related to your bookings to the relevant tax authorities.

Your total price will increase after adding new taxes. So, if you previously included occupancy taxes in your nightly price, you'll have to adjust your nightly price after adding new pass-through taxes to keep your nightly price the same.

For example: Your local occupancy tax rate is 5%. To earn $95 USD per day booked, you charge a per day price of $100 USD, which includes a $5 USD occupancy tax. When you add the new tax of 5%, the total cost (including taxes) will be $105 USD. If you want to continue to charge a total cost (including taxes) of $100 USD, you'll need to decrease your per day price to $95 USD.

Info we share with relevant tax authorities

Resortifi may disclose data and other information related to transactions and taxes to the relevant tax authority, such as your name, listing address, applicable business and tax ID numbers, accommodation fees, service fees, gross bookings, tax payout amounts, reservation dates, and transaction dates.