Skip to main content

Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

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.

If you provide services or assets through a platform for a fee, you need to consider how income tax and goods and services tax (GST) applies to your fees earned.

Popular sharing economy activities include:

  • providing ride-sharing (sometimes also known as ride-sourcing) services for a fare, through platforms such as Uber, Zoomy or Ola
  • providing short-stay accommodation including renting out a room or a whole house or unit, through platforms such as Airbnb, Bookabach or Holiday Houses
  • sharing assets, including cars, caravans/RVs, car parking spaces, storage space or personal belongings, through platforms such as Yourdrive, Mighway, Parkable, MyCarYourRental and Sharedspace
  • providing personal services, including creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly, through platforms such Pocket Jobs, Fiverr, Air Tasker, WeDo, Askatasker, Deliveroo and Mad Paws. This is sometimes referred to as the 'gig economy'.

The following are not considered to be part of the sharing economy: 

  • online selling or classifieds, like Trademe, eBay or Carsales
  • cryptocurrency exchanges
  • peer-to-peer finance or crowdfunding. 

You still need to consider how income tax, GST and other obligations may apply to you if you earn income from these other activities.

If you need more help with your tax, we recommend you seek professional advice. 

Jump back to the top of the page