A-Z index

Income from cash

About the cash economy
The cash and hidden economy occurs when businesses deliberately hide income to avoid paying tax. It is also referred to as the black, hidden or underground economy. The essential characteristic is that transactions go unrecorded and unreported.
Providing taxi travel services through ride-sourcing and your tax obligations
Ride-sourcing services (also known as ride-sharing, ride-booking, taxi or ride-hailing services) are increasingly being used to provide taxi travel and have tax implications for those involved. If you are a driver providing this type of service and carry on an enterprise you must register for the goods and services tax (GST).
The sharing economy and tax
The sharing economy is a way of connecting buyers and sellers. The same tax rules apply to the sharing economy as they apply to the rest of the economy.