The rise of the sharing and gig economy, powered by digital platforms, has fundamentally transformed several industries within just a few short years, particularly in transportation, tourism and hospitality. Large numbers of new economic operators, often private individuals, have entered the market offering short-term accommodation, transport and other services via digital platforms. This has raised concerns over whether existing VAT/GST frameworks are sufficiently capable to protect VAT/GST revenues and level the playing field with traditional businesses.
Source: oecd.org
