On Friday 3 July, the OECD published a new global tax reporting
framework, the model reporting rules for Platform Operators with
respect to sellers in the sharing and gig economy (the
“Model Rules”).
The Model Rules are designed as a framework for interested
jurisdictions to adopt a standardised approach for tax
administrations to collect data on transactions that platform
sellers undertake and the income they earn as a result. Under
the Model Rules, digital platforms would be required to collect
information on the income realised by those offering accommodation,
transport and personal services through platforms and to report the
information to tax authorities. This is likely to affect
companies who provide ride sharing services and the provision of
temporary accommodation such as Uber, Lyft and Airbnb.
