Knowledgebase: MyPMS
Managing Changes to Tax Rates Throughout the Year
Posted by Ryan Timms on 04 May 2020 11:53 PM

In certain tax jurisdictions, there are different tax rates throughout the year. This often takes place is locales where an occupancy tax will be higher during peak tourist seasons.

The example below is based on an occupancy tax rate that is 11% from June 1st to September 30th and is 8% from October 1st to May 31st.

As taxes will only apply when a guest stays at the property and MyPMS will post taxes during the Night Audit process, we recommend the following solution.

In your cancellation and deposit policy, enter in what your taxes rates are for your various seasons. Given the example above, this would include: Please note that our occupancy tax rate is 11% from June 1st to September 30th and is 8% from October 1st to May 31st.

This will ensure that all confirmation notices clearly display the tax rates for the guests given their specific stay dates.

2. Update the taxes within BookingCenter on the dates these taxes change. So on June 1st, update the occupancy tax rate to 11%. All guests that stay starting on June 1st will correctly have the occupancy tax post at 11%; with no changes needed at the folio level.

The same logic will apply on October 1st. On this date, go back in the tax settings of MyPMS and change the occupancy tax rate to 8%.

Based on this all taxes will correctly post based on the guest stay. This approach will not require any adjustments or manual updates to any reservations.

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