October 2015 Newsletter Tax & Business Tips

 Taxing the “sharing economy”

Uber LogoHave you ever let a room on the popular accommodation site Airbnb? Ever shared a ride with pseudo taxi service Uber? If you earn income by participating in what’s now called the “shared economy”, you may have some taxes to pay.

 

Uber Drivers

The ATO maintains that Uber drivers are viewed as being independent contractors, are therefore required to register for GST like normal taxi drivers - no matter what their yearly earnings are.

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