Tag Archives for " Uber and GST "
From the 1st of December 2017, Google started invoicing its Australian drivers as an Australian entity.
Among other things, this means that Uber, just like the rest of us, is paying GST on its earnings.
This change has no effect on your net income as a driver.
You still have to pay GST on the total charged to your riders. Your invoice from Uber will be higher as it now has GST added, but this GST in turn reduces your GST payment obligation.
This means that your weekly Uber income will be reduced by the GST amount but you recover it by a lower GST amount paid to the ATO on your quarterly BAS.
From 1/12/2017, Uber started invoicing as an Australian entity, paying GST to the ATO.
Although this has no effect on your net income for the quarter, it does reduce your weekly income by the GST amount and then give it back to you by a reduced amount owed on your quarterly BAS.
See the post Uber and GST Revisited for full details.
Although we have covered the paying of GST by Uber drivers in Australia, along with other tax issues in previous posts (see Do Uber Drivers Have to Pay GST? and How Do Taxes Work for Rideshare Drivers?) some drivers are still unsure.
So this post is a simple list of GST considerations for Australian Uber drivers.