OECD: Global tax reporting framework for digital platforms

OECD: Global tax reporting framework, digital platforms

The OECD released a new global tax reporting framework for digital platforms


The tax reporting framework—Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy—is designed to help taxpayers in being compliant with their tax obligations, while providing a “level-playing field with traditional businesses” in key sectors of the sharing and gig economy.

The framework seeks to avoid “a proliferation of different and unilateral reporting regimes” and to allow for the use of novel technology solutions and help create a sustainable environment supporting the growth of the digital economy.

As noted in an OECD release, with the digitalisation of the economy, transactions that take place on platforms may not always be reported to tax administrations, and the platform economy also means increased access to information for tax administrations, as it brings activities previously carried out in the informal cash economy onto digital platforms.

The framework is part of a broader strategy of the OECD to address the tax challenges arising from the digitalisation of the economy and is designed to serve as a basis for further policy developments in increasing tax transparency to create a stable environment for the growth of the digital economy. 

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