Are you one of the many Australians who earn income through the sharing economy? If so, you may have tax obligations.
The sharing economy is economic activity through a digital platform (such as a website or an app) where people share assets or provide services for a fee.
Common sharing economy activities include:
You need to consider how income tax, goods and services tax (GST) and other obligations apply. The income you earn is assessible and you:
If you provide ride-sourcing services you need to get an ABN and register for GST, regardless of how much you earn.
More detailed information about the sharing economy can be found on the ATO website.