Do I Have To Pay GST On My Uber Income | Alitax.com.au

THE ATO’s REQUIREMENTS:

The ATO Announced On The 20th Of May 2015 That Uber Drivers Must Register For GST. They’ve Determined That Under GST Law, Uber, And By Extension All Ride-share Services, Meet The Definition Of A Taxi Service.

The ATO state that “the word taxi takes on its broad ordinary meaning of a car made available for public hire that is used to transport

 passengers for fares.”

This is true, but it’s irrelevant, because they’re not the

 One supplying the service to riders. The transaction is directly between you and your rider. This means you, an Australian driver, are the supplier so GST is applicable.

ATO Deputy Commissioner James O’Halloran has said “If those providing ridesharing have not obtained an ABN and not registered for GST, then we will undertake compliance activities that means reviews and audits and assessments may be raised.”

The penalty for failure to register for GST is currently $3,400.The penalty for failure to lodge a BAS begins at $170 per BAS. if lodged within 28 days, and can stretch up to $850 per BAS after 113 days.



Hope this guide will help you a lot in driving with uber.

For More Information:

UBER GST and TAX Calculator | ALITAX

Visit: https://youtu.be/qekcG26DMJo
The aim of this calculator is to provide tax estimation based on your driving date and quarterly income.
To access calculator Click on https://alitax.com.au/uber-gst-calc/

Uber Tax Guide For Uber Drivers - Alitax.com.au
https://youtu.be/de_9kUuzEM0

UBER GST and TAX Guide
https://youtu.be/yeP1Wd49aRM

How To Lodge Uber BAS:
https://youtu.be/APGgoZwUnqU

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