WebbThe Sharing Economy Reporting Regime (SERR) is a third-party reporting regime. Under SERR, electronic distribution platform (EDP) operators need to report supplies made through their platform to the ATO. This will help to create a level playing field across industries and provide transparency of the income sellers receive through the sharing ... Webbintroduce a new reporting regime for the sharing (‘gig’) economy (initially applying to ride-sharing and short-term accommodation online platform operators and then extending to …

Tax and the Sharing Economy

Webb25 okt. 2024 · Introduction of a sharing economy reporting regime under which sharing economy online platforms will be required to report identification and income … WebbThe new reporting regime applies to platform operators rather than to individuals who use their sites or apps, but if you’re part of the sharing economy it’s still important to give the ATO the right information. If you rent out your home for short stay accommodation, work as flounder head

Tackling the black economy: a sharing economy reporting regime

Webb5 apr. 2024 · Additionally, the sharing economy is creating negative externalities that traditional regulation is often ill-equipped to address. For example, ride sharing can lead … WebbSharing economy reporting regime commences soon Share this article: As a part of the Federal Government’s strategy to combat the tax compliance risks posed by the sharing economy, it has passed into law new requirements for operators of electronic distribution platforms to provide information to the Australian Taxation Office on transactions made … Webb• Recommendation 2: An information reporting regime requiring sharing economy platforms that operate in Australia to provide information on income derived by … greedy meaning in spanish