The quick answer
Yes - the Federal Court has determined Uber driver Partners in Australia are considered to be providing ‘taxi travel’ for the purposes of GST legislation.
What else you need to know
This means that as an Uber driver Partner, you are required to be registered for and pay GST regardless of your level of income. Unlike most other businesses, the usual $75,000 GST registration threshold does not apply and you are required to account for 10% GST from the first dollar of income you earn on your Uber driver activities.
You can read more detail here
What do you need to do to comply with GST law as an Uber driver Partner?
- Apply for an ABN and register for GST from the date that you started driving with Uber.
- Keep track of your income and expenses for all business activities under the ABN (including other business income not earned from Uber).
- Report your gross income in your BAS along with eligible expenses on which you can claim the GST you paid. To understand when you can claim a GST credit refer to the ATO guidance.
- Include your Uber income in your annual income tax return.
How can Airtax help?
Airtax is an online lodgements service where you can file your income tax return online and complete your BAS lodgements in just minutes. Our tax specialists then lodge your BAS and income tax returns with the ATO on your behalf without you having to visit an accountant in person.
You can register for an ABN and GST for just $19 by signing up here
Once you have an ABN and are registered for GST you can complete your BAS using our specifically tailored ‘Rideshare’ BAS template.
As an Uber driver when using Airtax's Uber integration, you can get your first BAS lodgement done for free!
To take up this offer you just need to sign up for an Airtax account
You can then enter your account information and indicate that you are a rideshare driver in your account settings. Once you have done this you should be able to see an option to 'connect with Uber' on your dashboard - you just need to click on this and follow the prompts!
Once your account is successfully connected you will get $49 Airtax credit which can be used to offset the cost of the BAS lodgement.