- The OECD has launched a consultation on proposed updates to its digital platform reporting rules for income earned through online platforms.
- The changes aim to improve the framework introduced in 2020 for sharing tax information on sellers in the gig and sharing economy.
- Proposed amendments include new threshold rules, clearer definitions of “platform” and “platform operator,” and limits on duplicate or incomplete transactional reporting.
- The OECD also wants to exclude certain intra-group service arrangements through a “related entity” concept and improve reporting for intermediary sellers.
- Comments on the proposals are open until 14 August.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
