Taxing the gig: Ukraine targets Uber and Glovo
Just when you thought your weekend ride-sharing or room renting was your private business, the taxman entered the chat with a massive new gig-economy law.
Remember those sweet tax-free gig days? Well, the party is officially winding down. Ukraine just passed a new law, colloquially dubbed the "OLX tax," that targets services like Uber, Bolt, Uklon, Airbnb, and Glovo.
Here is how it works: these massive platforms will now have to report information on their users' earnings directly to the tax authorities. We are talking about roughly 400,000 gig-workers, couriers, and apartment hosts who are about to become highly visible to the state.
The Ministry of Finance basically told everyone to stop pretending their side hustles are just "hobbies." If people drive, deliver, or rent out a flat through an app, the tax office will soon know exactly how much they made down to the last hryvnia.
It turns out the gig economy was great until the tax collector figured out how to download the apps.
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