From August 2015, the Australian Taxation Office (ATO) declared that rideshare drivers must be registered for and pay GST.
If you’re a rideshare driver, you must:
- Have an ABN and be registered for GST from the date you started your rideshare business activity.
- Complete regular Business Activity Statements (BAS), usually quarterly.
- Pay any GST liabilities by the due date.
If you have been earning income from rideshare driving activities, you will need to ensure that you have lodged a BAS for each period since your GST registration start date. To help understand how many BAS's you should have lodged already, we have outlined below the number of BAS required to be lodged depending when you started your rideshare business activity.
Note - this outline is for sole traders who are required to lodge their BAS quarterly. If you have registered your ABN / GST with Airtax, you will be required to lodge on a quarterly basis.
Date you started rideshare driving & number of BAS you need to submit
Between 1 Apr 2017 and 30 Jun 2017 - you should have done 1 BAS
Between 1 Jan 2017 and 31 Mar 2017 - you should have done 2 BAS
Between 1 Oct 2016 and 31 Dec 2016 - you should have done 3 BAS
Between 1 Jul 2016 and 30 Sept 2016 - you should have done 4 BAS
Between 1 Apr 2016 and 30 Jun 2016 - you should have done 5 BAS
Between 1 Jan 2016 and 31 Mar 2016 - you should have done 6 BAS
Between 1 Oct 2015 and 31 Dec 2015 - you should have done 7 BAS
Between 1 Jul 2015 and 30 Sept 2015 - you should have done 8 BAS
You can use Airtax to lodge all your outstanding BAS in just 10 minutes on your mobile.
If you drive for Uber, you can also connect your Uber driver account with your Airtax account to automatically pre-fill your Uber driving income into your BAS form for fast lodgement, and get your first BAS for free! Find out how here.
Got a question? Get in touch via email firstname.lastname@example.org