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
- Recording Ola and Didi income and expenses on the Airtax BAS
- Tax Guide for Rideshare Drivers
- Connecting your Uber and Airtax accounts
- How do I close my rideshare business?
- 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?