France's National Assembly adopted an amendment to the Budget Bill for 2016, requiring collaborative platforms to better inform their users regarding taxation rules and to report revenues.
The text specifies that the amendment will "contribute to setting the the boundary between activities that may be assimilated to those of an independent worker and those belonging to the sharing economy, which generate, no revenues." Revenues from sharing platforms that aim to share expenses rather than earn money, are not concerned by this measure.
Users of sharing platforms were already required to declare these revenues to the tax department, but those who do so today are rare due to a lack of information and clarity.
- TourInvest Forum 2015: The real value of the sharing economy
- AirBnB to collect tourist tax for its Parisian hosts
- Record valuation for AirBnB
- Why it may be a good idea to avoid rounding off prices on Airbnb?
Already signed up? Already signed up? Already signed up? Already registered? Login here!