Submission on The role of digital platforms in the taxation of the gig and sharing economy
CAANZ’s feedback on ‘The role of digital platforms in the taxation of the gig and sharing economy’ a Government discussion document
In brief
- CA ANZ supports adopting the OECD extended model reporting regime for the gig and sharing economy in principle
- CA ANZ does not support amending New Zealand’s GST rules
- More information should be collected first so the true size of the problem can be assessed
The Government discussion document contains proposals aimed at making it easier for people who earn income through digital platforms in the gig and sharing economy to comply with their tax obligations in New Zealand. It also seeks feedback on how GST should apply to the gig and sharing economy.
In CA ANZ’s view, measures to tackle the issues arising from this economy are necessary to ensure New Zealand's tax settings remain fit for purpose. In principle, CA ANZ supports adopting the OECD extended model reporting regime for the gig and sharing economy.
CA ANZ is not convinced that there is a compelling case for amending New Zealand’s GST rules. There is a lack of information as to the size of the problem and how much GST will be collected.
CA ANZ recommends that the information reporting rules should be implemented first. This will allow the Government to collect the relevant data and so the relevant parties can make an informed decision.
