About the sharing economy
The sharing economy is any economic activity through a digital platform (such as a website or an app), where people share assets or services for a fee.
Income tax and GST is payable on ride-sharing.
Special tax rules apply to income tax when you're providing short-term accommodation. This service is also known as short-stay accommodation.
Sharing assets excluding accommodation
Fees paid to you when you share an asset are taxable income.
If you provide services through a digital platform you must pay tax on any income earned. Sometimes this is referred to as a 'gig' or 'on-demand'.