Do you know how income tax, the goods and services tax (GST) applies to your earnings? Ride-sourcing is taxi-travel for GST purposes. If you have a ride-sourcing enterprise, you need:
- an Australian business number (ABN)
- to register for GST from the day you start
- to pay GST on the full amount of every fare
- to keep records of income and expenses for both GST and income tax purposes.
You can then claim GST credits for expenses associated with your ride-sourcing enterprise.
Come along to this one-hour session where we’ll help understand how to get it right.
Note: If you already have a business structure, this session is designed for sole traders.
Presented by Linden Regina from the Australian Taxation Office (ATO) whose My ATO portfolio includes a broad knowledge across taxation and superannuation.
Video Recording: All workshops via Webinar will be recorded for promotional purposes.