All ride-share service providers must register for an ABN and GST regardless of how much you earn.
The ATO (Australian Tax Office) is cracking down heavily on drivers who have not registered for an ABN and GST and you will be subject to penalties otherwise.
What you need to do
Get an Australian Business Number (ABN).
Applying for an ABN and GST is free and you will need your TFN. It will only take 5 minutes to complete.
Register for an ABN using the following categories:
- 46239 Road Passenger Transport
- 46231 Taxi services
- use 'ride-sourcing' as your business description
If you already have an ABN, register for GST
For more information provided by the Government click here