DAC 7
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      Reporting to taxation agencies

      If you manage a short-term rental property in certain countries, Your.Rentals and the Sales channels we distribute your Property Listings to are required to report your taxation information to local taxation authorities.

       

      Note: If your Property listing(s) is located in one of the 27 EU Member States, or if the “Reportable seller” is resident in an EU Member State for taxation purposes, please refer to the specific article relating to the DAC7 requirements.

      Which countries require Your.Rentals to collect your taxation information?

      Your.Rentals supports taxpayer info collection in the following countries: 

      Americas
        • Canada
        • United States
        • Mexico
        • Colombia
      • Asia
        • India

      If your property listing is located in one of the countries listed above, or if you are resident in one of those countries for taxation purposes, Your.Rentals requires you to submit taxpayer information in order to list your property, receive bookings and payouts.

      Whose taxation information must be provided?

      Taxation authorities in these countries require information about the person or company that earns income from renting properties (we refer to them as the ”Reportable seller”). 

      Your.Rentals must collect your taxation information to comply with our responsibilities as a Platform operator, and provide such information either to Taxation authorities or to Sales channels who themselves act as Platform operators and in turn must provide such information to Taxation authorities. 

      The following decision trees help you to determine who is the “Reportable seller” and therefore who’s taxation information must be provided by you for each Property listing.

      What taxation information must be provided?

      The following information must be provided and will be shared with the relevant Taxation authorities depending upon the Reporter seller:

      Individual taxpayer information
      • First and last name
      • Primary address
      • Date of birth
      • TIN
      • VAT identification number, if relevant
      • Tax Residence
      • Financial account identifier(s) i.e. bank account or other payment services account
      • Name of holder of account into which the payment is made if not the Individual’s account
      • Listing address
      • Property registration number

      Company taxpayer information
      • Business/Legal name
      • Business registration number
      • Primary address
      • VAT identification number, if relevant
      • Tax Residence
      • TIN
      • Financial account identifier(s) i.e. bank account or other payment services account
      • Listing address
      • Property registration number

      Booking and income information

      (for either Individual or Company)
      • Number of days rented (number of nights in the booking)
      • Amounts earned via Your.Rentals per quarter and number of listings
      • Your.Rentals fees

      Who reports taxation information?

      For some Sales channels (such as Airbnb and Expedia), Your.Rentals must provide the Sales channel with the Reportable seller taxation information so that they can report it to the relevant Taxation authority.

      For other Sales channels and in the case of Direct bookings processed via Your.Rentals, Your.Rentals must report your taxation information to the relevant Taxation authority.

      How do I provide my information?

      If your Property listing(s) is located in one of the countries listed above, you are required to provide Reportable seller information for each Property listing (active or inactive).

      Your.Rentals will send notifications, emails, and messages asking you to provide the Reportable seller information for each of your Property listings.

      For Business property managers, you will be provided with a spreadsheet to input the required information, which is then provided to your Customer Success Manager to upload to Your.Rentals. Alternatively, you can input the required information for each Property listing in the Your.Rentals website. 

      For Private property managers, you will be provided with a link to input the required information for each Property listing in the Your.Rentals website. 

      Please note: Taxpayer info is required to be assigned to all of your listings (active and inactive). You may continue to receive reminders until all listings have tax info assigned.