Please sign in here using your existing KPMG Account (KPMG Tax Now).
If you cannot remember your sign in details, or you need assistance, please contact us.
Another reporting regime: Moving to data reporting readiness
As discussed by Kavita Panjratan & Alicia Lennon, the proposed measures have arisen out of Treasury’s Black Economy Taskforce to manage tax compliance risks posed by the sharing economy.
Treasury has released consultation exposure draft legislation to implement a reporting regime for “sharing economy platform providers”. The proposed legislation would require entities that operate electronic distribution platforms to report to the Australian Taxation Office (ATO) details about transactions relating to supplies made through those platforms. The reporting regime would apply from 1 July 2022 or 1 July 2023 depending upon the category of the supply. The measures have ari...
Sign in below or register now to read the full article
Authors: Kavita Panjratan, Alicia Lennon
Published Date: 08 July 2021
KPMG Tax Now is a digital media website that brings together industry-leading tax news, insights and more from our global network of experts.
Stay informed of important policy and legislation changes, and what it means to you and your business.
Subscribe to our KPMG Tax Now platform to receive important updates delivered to your inbox, access to exclusive multi-media content, and invitations to interactive information sessions with KPMG experts.
If you are an existing user please click here