Return to site

April 2017 Tax Newsletter

· Newsletters

Ride-sharing drivers must register for GST

In a recent decision, the Federal Court has held that the UberX service supplied by Uber’s drivers
constitutes the supply of “taxi travel” for the purposes of GST. The ATO has now advised that people who work as drivers providing ride-sharing (or ridesourcing) services must:

  • keep records;
  • have an Australian Business Number (ABN);
  • register for GST;
  • pay GST on the full fare they receive from passengers;
  • lodge activity statements; and
  • include income from ride-sharing services in their
  • tax returns.

If you work as a ride-sharing driver, you are also entitled to claim income tax deductions and GST credits on expenses apportioned to the services you have supplied.

All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly