Bolt has received a number of questions from drivers in relations to their tax returns. We remind you that you should seek advice from a registered tax agent or accountant in regards to personalised advice but we have listed some commonly asked questions for your accountant's consideration.
Is Bolt a foreign company?
As per our driver terms, drivers are contracted to Bolt OU, which is an Estonian-based entity. The details of this entity are listed on your invoices.
Are drivers responsible to pay GST on the full fare?
Yes, drivers are obligated to remit the GST values as listed on their individual rider invoices in their BASs (noting that Bolt issues the tax invoices to riders on driver's behalf).
Are bonuses/top-ups GST applicable?
Yes. The GST you need to remit in your BASs is shown on the invoices for the top-up payments and bonuses provided to you by Bolt.
Is the driver responsible for paying GST on levies and fees?
Yes, as indicated above, drivers are obligated to remit the GST values as listed on their individual rider invoices, which may include GST amounts on levies and fees. Effectively, you need to remit GST in your BASs on all the amounts you are entitled to receive from either riders or Bolt – fares, fees, top-up payments, bonuses and on some government levies.
We hope this clarifies for your accountants.