Now I didn't see that one coming. Over time in business we all learn the rules that apply to us but if it isn't in our area, often there's rules we don't even think about. I found the following article particularly interesting because it affects those providing "ride-sourcing" such as UberX drivers.
http://www.theregister.co.uk/2015/05/19/australian_taxation_office_to_uber_drivers_cough_up_consumption_tax/
What is particularly interesting is those providing taxi services need to register for GST and the $75,000 threshold does not apply. If I read the rules correctly, that means "ride-sourcers" will also need to register for an ABN.
From the article "ride-sourcers" have until the 1st of August to register for GST.
This article isn't meant to endorse UberX drivers but simply to raise awareness.
Kelvin Eldridge
www.JustLocal.com.au
http://www.theregister.co.uk/2015/05/19/australian_taxation_office_to_uber_drivers_cough_up_consumption_tax/
What is particularly interesting is those providing taxi services need to register for GST and the $75,000 threshold does not apply. If I read the rules correctly, that means "ride-sourcers" will also need to register for an ABN.
From the article "ride-sourcers" have until the 1st of August to register for GST.
This article isn't meant to endorse UberX drivers but simply to raise awareness.
Kelvin Eldridge
www.JustLocal.com.au
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