Ride-sourcing and tax (Sole traders)

Do you provide ride-sourcing services for a fare; working through a facilitator such as Uber, SheSafe, Shebah or GoCatch?

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.

This event is supported by City of Boroondara.