• The sharing economy and tax

    There are multiple sharing economy websites and apps operating in Australia. The people who provide goods or services through any of them need to consider how goods and services tax (GST) and income tax apply to their earnings.

    What is the sharing economy?

    The sharing economy connects buyers (users) and sellers (providers) through a facilitator who usually operates 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, for example Airbnb and Stayz
    • providing 'ride-sourcing' services for a fare (considered to be taxi travel) such as Uber and GoCatch
    • providing personal services, including creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly, like Airtasker and Mad Paws
    • renting out a car parking space, for example Parkhound and Spacer.

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      Last modified: 17 Feb 2017QC 45171