The OECD is seeking public comments on a global approach to introducing reporting obligations on operators of platforms, through which an increasing number of taxpayers earn taxable income in the ‘sharing’ and ‘gig’ economy.
Tax authorities in a number of countries have already introduced obligations on platform operators to report, while others are planning to introduce similar measures in the near future. However, the OECD sees limitations to the effectiveness of domestic reporting rules, given that these platforms facilitate transactions on a global scale. In particular, governments may have difficulty enforcing domestic reporting requirements when the platform operator is not located in their jurisdiction. Platforms themselves could face increased costs and potentially harmful barriers if required to comply with a wide variety of domestic reporting requirements.
Responses to the draft Model rules for reporting for platform operators with respect to sellers in the sharing and gig economy should be sent by 20 March 2020. The OECD invites input on the key design features of the model rules and commentary, as set out in the document, as well as on any other aspects that respondents consider relevant. Comments are also welcomed on the code of conduct contained in Annex B.
The OECD is seeking public comments on a global approach to introducing reporting obligations on operators of platforms, through which an increasing number of taxpayers earn taxable income in the ‘sharing’ and ‘gig’ economy.
Tax authorities in a number of countries have already introduced obligations on platform operators to report, while others are planning to introduce similar measures in the near future. However, the OECD sees limitations to the effectiveness of domestic reporting rules, given that these platforms facilitate transactions on a global scale. In particular, governments may have difficulty enforcing domestic reporting requirements when the platform operator is not located in their jurisdiction. Platforms themselves could face increased costs and potentially harmful barriers if required to comply with a wide variety of domestic reporting requirements.
Responses to the draft Model rules for reporting for platform operators with respect to sellers in the sharing and gig economy should be sent by 20 March 2020. The OECD invites input on the key design features of the model rules and commentary, as set out in the document, as well as on any other aspects that respondents consider relevant. Comments are also welcomed on the code of conduct contained in Annex B.
