CHAPTER 1 – Introduction
CHAPTER 2 – The gig and sharing economy
- Making it easier to comply with income tax obligations
- Improving fairness between similar service providers
- Developing solutions that involve digital platforms
- Other jurisdictions are also addressing these challenges
- Options have been developed by the OECD
- Options for improving compliance and fairness
- Criteria for assessing the options
CHAPTER 3 – Information reporting and exchange
- Why does Inland Revenue need more regular income information?
- The OECD’s model reporting rules for digital platforms
- How the model rules work
- Implementing the extended model rules in New Zealand
- How the information could be used in New Zealand
- Timing and different options to address this
- Attributing calendar-year income to the New Zealand tax year
- Partial pre-population
- Implications for digital platforms that are tax resident in New Zealand
- Optional de minimis exclusion for small New Zealand resident digital platforms
- An alternative approach
CHAPTER 4 – Goods and services tax
- Background
- The case for applying GST
- Modifying the GST registration threshold
- Extended marketplace rules
- Digital platforms
- Platform supplies – what activities GST would apply to
- GST returns
- An example of the extended marketplace rules
- Impact of extended marketplace rules on existing GST registered persons
- Digital platforms would need to determine whether GST applied or not
- Facilitation services
- GST on sellers’ costs