The Canada Revenue Agency (CRA) has published detailed guidance and technical information on new reporting requirements for Digital Platform Operators. The rules aim to enhance transparency and compliance within the sharing, freelance, and gig economy landscape. Affected businesses need to submit their reports by January 31, 2025. A reporting platform operator is defined as a platform operator that either resides in Canada or operates out of another jurisdiction but facilitates the sale of goods or services, including property rentals, within Canada. A reportable seller is typically someone who is registered with a digital platform, resides in Canada or in a country that adheres to these reporting standards, and engages in selling goods or offering services, including property rentals, to customers in Canada or in participating countries. Reporting platform operators are tasked with reporting both identification and activity information for each reportable seller.
Source Fonoa
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