As a ride-share service provider, you must have an ABN and register for GST regardless of how much you earn. Otherwise, drivers who have not registered for an ABN and GST will be subject to penalties.
How to get an ABN and GST?
Applying for an ABN and GST is free, and you will need your TFN to complete the process. It will only take 5 minutes.
You can register for an ABN using the following categories:
- 46239 Road Passenger Transport
- 46231 Taxi services
- Use ride-sourcing as your business description
Apply for your ABN. If you have an ABN, you can register for GST. For further details, see the information provided by the Australian Taxation Office.
Once you get your ABN and GST, you can go back to complete your signup.