I live in Malta (Europe) and if I am to operate a holiday accommodation lawfully I am required to add 7% vat and collect a further €0.50 tourist tax per person per night.
AirBnb does not have a system in place for me to input these details. I am confused as to how I am to include these in the price. Also the law states I should issue a receipt, but I know that AirBnb already sends a receipt to guests so how do I go about this? Should I issue a separate receipt excluding the Airbnb fee?
At the end of the year I have to declare income vs expenses in order to pay taxes (25%) on the profits.
Any experiences or suggestions?