Sharing economy reporting regime for platform operators

Individuals participating in the sharing economy should be aware that transactions for supplying taxi travel/ride sourcing and short-term accommodation are now required to be reported under the sharing economy reporting regime (SERR).

.

That reporting requirement will be expanded for 2024-25 year.

Generally, all operators of electronic distribution 2023–2024 income year must report transactions made through their platform.

However, from 1 July 2024, the SERR will apply to all other reportable transactions of electronic distribution platforms operators, including hiring of assets (consisting of hire of personal assets, storage or business space), food delivery and professional performing tasks and activities will need to be reported.

Hot Issues






Secure File Transfer

Accounting News

Financial Planning News

Taxation rulings and documentation search

eWombat is a targeted search engine that only searches websites relevant to financial planners and accountants. A great resource to search for tax rulings, human services documents, etc.

Look up stock prices

Enter one or multiple ASX codes (separated by spaces) to get real-time trading information direct from the ASX website