No, you are taxable on the gross fare less expenses such as the rideshare service fee, split fare fee, airport fee and booking fee. This is your net income and it will be taxed at your personal tax rate. See our explanatory Uber payment statement breakdown for tax purposes guide for further information.
Articles in this section
- Connecting your Uber and Airtax accounts
- Tips to get you started
- Video guide for rideshare drivers
- Common expenses for rideshare driver partners
- How do I integrate Quickbooks Self-Employed with Airtax?
- How do I keep track of receipts/expenses?
- How does the $20,000 instant asset write-off work?
- How do vehicle expenses work? (petrol, registration, insurance, depreciation vs $20k write off)
- What is a GST credit and how does it work? When will I receive it?
- I am an uberX partner, but I also occasionally do Uber Eats. Do I pay GST on my earnings from Uber Eats?