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  • The sharing economy and tax – other languages

    The sharing economy connects buyers (users) and sellers (providers) through a facilitator who operates via an app or a website.

    Popular sharing economy services include:

    • renting out a room or a whole house or unit for a short-time basis
    • providing taxi travel services (called 'ride-sourcing') for a fare
    • providing personal services, such as creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly
    • renting out a car parking space.

    What you need to do

    There are different tax obligations depending on what goods or services you are providing:

    • if you need to declare your income in your income tax return
    • if you are carrying on an enterprise
      • if you need an ABN
      • if you need to register for GST and lodge activity statements
       
    •  if the price of the goods or services you provide includes GST
    • if and when you need to provide tax invoices for your sales
    • what GST credits and income tax deductions you can claim for your expenses related to earning your income
    • how all your sharing economy activities added together impact your GST and income tax obligations.

    See also

    If you are providing any of the sharing economy services, or thinking about it, more information is available in English:

      Last modified: 03 Aug 2016QC 49782