If you renting your property through AIRBNB, they are sending your Tourist Tax share, 7% to Florida Department of Revenue and 6% to Pinellas County Tax Collectors, so you are ok with AIRBNB and your tax liability is taking care of.
If you are renting your property through HomeAway, VRBO or any of their parent companies, you need to act.
They are collecting some taxes for you, but not all!
They dropped our extra 13% tax that we added to our rental on their listing page, and now they are collecting 6% Tourist Tax and sending it to Pinellas County Tax Collectors. They do not take care of the Florida Department of Revenue 7% share.
That will have to come out of your pocket, and you need to report it as well.
All this results in that you are probably 7% low on your rates, if you haven’t touched them since they implemented the tax collecting process.
For more information, please contact HomeAway or VRBO or pinellas tax colloector or Florida department of revenue.