Airbnb introduces extra 2pc charge for cross-currency bookings

Guests on Airbnb who opt to pay using a different currency from the host's currency will have to cough up an additional two per cent of the booking total before taxes. FILE PHOTO | NMG

Guests on short-term rental platform Airbnb who opt to pay using a different currency from the host's currency will have to cough up an additional two per cent of the booking total before taxes effective April 1, 2024. 

The newly published policy changes will come into effect for existing users on March 28th, 2024 and users post this date will have to agree to the new terms or delete their Airbnb accounts.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.