Booking.com Enters Into $100 Million Tax Settlement With Italy
Skift Take
Booking settled Italy's claim that it needed to collect VAT on short-term rentals for many partners. This could have big implications for the sector in other EU countries.
Travel website Booking.com has agreed to pay about 94 million euros ($100.25 million) to settle a tax dispute in Italy, Genoa prosecutors said on Friday.
The announcement marks another high-profile tax deal between multinationals and Italian authorities, who previously settled cases with luxury groups such as Kering and U.S. tech giants, including Apple, Amazon and Meta's Facebook.
Booking.com welcomed the deal in a statement.
"While we maintain that we are and always have been in compliance with applicable Italian VAT laws, we can confirm that we have come to an amicable, mutual agreement with the Italian Revenue Agency relating to the period
