- Ride-sourcing involves using a car to transport passengers for a fare through a digital platform.
- Income from ride-sourcing is subject to GST and income tax.
- Drivers must register for an Australian business number and GST from the start of providing services, unless they are employees.
- Penalties may apply for not registering for GST.
- Registered drivers must report and pay GST on sales, lodge business activity statements, and can claim GST credits for business-related purchases.
- A tax invoice must be issued for fares over $82.50 if requested by a passenger.
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.
Latest Posts in "Australia"
- ATO Proposes New GST Rules for Copyright and Multimedia Transactions in Australia
- Australia Sets 2026 Deadline for Mandatory E-Invoicing with Government Agencies
- Australia Mandates E-Invoicing for Government Agencies by 2026 to Boost Efficiency and Reduce Fraud
- Australia Announces Timeline for Government E-Invoicing Adoption
- ATO Withdraws Practice Statement on GST Treatment of Government Agency Fees and Charges
