Italian police seize €779M from Airbnb Ireland over 2017 tax law

Airbnb, Inc.

Italian police presented court order on Nov 6, 2023 authorizing seizure of €779M from Airbnb Ireland.
Assessment stems from 2017 Italian law on short-term rental platform tax obligations, including withholding and remittance duties.
CJEU ruled Dec 2022 that EU law does not prohibit such laws, but tax representative requirement contrary to EU law; Italian court upheld in Oct 2023.
Airbnb Ireland in active discussions with Italian tax agency since June 2023; company believes it acted in compliance and will contest.
Company unable to estimate possible loss but states it could be material.

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