- Taxi, limousine, and ride-sourcing providers must register for GST regardless of turnover.
- Providers must collect and pay GST and income tax on all rides and business income.
- The ATO uses data from platforms to review drivers’ tax compliance.
- Drivers need a TFN, ABN, and GST registration to comply with tax laws.
- Registering for GST can be done through ATO online services.
- Failure to register may result in penalties, interest, and back-dated GST registration.
- The ATO monitors non-compliant drivers and may enforce registration and penalties.
- A recent campaign led to over 3,000 drivers registering for GST.
- The ATO continues to monitor and may take action against non-compliant drivers.
Source: ato.gov.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
