New gig economy reporting regime set to debut

Share economy participants will no longer be able to evade their tax obligations as the government looks to legislate a new compulsory reporting regime.

by | 7 Jul, 2021

ASIC accuses banks of dragging feet on fees-for-no-service response

The new reporting regime will see share economy platforms — such as Uber, Airbnb and Deliveroo — required to report information of all transactions to the ATO, in the same way the taxable payments reporting system (TPRS) is being currently applied across a number of industries.

Read more at the Accountants Daily.

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