The OECD has released a standardised IT-format to support the electronic reporting and automatic exchange of information collected under the OECD's Model Reporting Rules for Digital Platforms. Under these rules digital platforms are required to report on the income generated from accommodation, transport, personal services and selling goods, through platforms and to report the information to tax authorities.
The Model Reporting Rules for Digital Platforms are designed to help taxpayers in being compliant with their tax obligations, while ensuring a level-playing field with traditional businesses. The rules were developed in light of the rapid growth of the digital economy and in response to calls for a global reporting framework in respect of activities being facilitated by digital platforms, in particular in the sharing and gig economy.
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