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133 Posts
Uber drivers must pay GST, court rules
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9,723 Posts
Tell us something we don't already know
http://www.news.com.au/finance/busi...s/news-story/cc95dad277da68532609bc93cdd03760
http://www.news.com.au/finance/busi...s/news-story/cc95dad277da68532609bc93cdd03760
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1,239 Posts
So nothing changes.
Time to climb the bridge and get on with it.
Don’t like the verdict? Don’t drive.
Time to climb the bridge and get on with it.
Don’t like the verdict? Don’t drive.
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133 Posts
I keep telling my riders that taxi drivers are better paid.
Taxis - For lets say a $50 fare (no tolls)
55% of what is on the meter (but will do cashie if can get away with it).
only outgoing is MAYBE the 25% income tax.
So 55% 0f $50 = $27.50 less 6.88 tax = $20.62 in the pocket
Uber - same $50 fare
Uber 25%, GST 10% Income Tax 25% - gone from EVERY FARE
So 40% of $50 = $20 & we call say $4 in car expenses = $16.00 in pocket
Works to be 22.4% better off driving canaries
Taxi has also done this $50 trip in 35 min compared to an hour for uber, so it is off able to earn again in almost half the time.
Taxis - For lets say a $50 fare (no tolls)
55% of what is on the meter (but will do cashie if can get away with it).
only outgoing is MAYBE the 25% income tax.
So 55% 0f $50 = $27.50 less 6.88 tax = $20.62 in the pocket
Uber - same $50 fare
Uber 25%, GST 10% Income Tax 25% - gone from EVERY FARE
So 40% of $50 = $20 & we call say $4 in car expenses = $16.00 in pocket
Works to be 22.4% better off driving canaries
Taxi has also done this $50 trip in 35 min compared to an hour for uber, so it is off able to earn again in almost half the time.
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1,651 Posts
Why have you ncluded GST as a cost for the Uber driver but not the taxi driver?
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133 Posts
The ATO had ruled Uber drivers were taxi drivers, meaning they were not exempt from the tax.
http://www.theage.com.au/business/u...h-up-the-price-of-a-fare-20170217-guf8ql.html
http://www.theage.com.au/business/u...h-up-the-price-of-a-fare-20170217-guf8ql.html
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133 Posts
Because Owner would pay it I believe & also do all the gst back claims, not the driver.
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1,651 Posts
Sorry - still don't understand why you include GST as a cost to Uber driver but not taxi.
This post, however, opens up a topic that really gets me going. Countries like Netherlands and Ireland raping the rest of us with their tax structures. If they want to be part of the real world they should stop acting like tax shelters. They should be sanctioned.
Because taxis have two main operating structures:
1) self owned and operated taxi
1a) self owned and operated taxi (with 2nd driver)
2) taxi owner with day/night drivers
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412 Posts
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4,373 Posts
Essentially the owner is the one registered for GST and they forward it on!
Now at the risk of repeating myself the drivers DON'T pay the GST, the passengers do! It is not a cost to the driver and never has been! The gouge only comes from Uber taking their hit on the GST we pay.
Now at the risk of repeating myself the drivers DON'T pay the GST, the passengers do! It is not a cost to the driver and never has been! The gouge only comes from Uber taking their hit on the GST we pay.
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32 Posts
Good. The ATO previously said they would audit drivers so this will hopefully reduce the pack somewhat.
All the good ants will be OK but I suspect a lot of international students doing this on the sly will be found out and made to pay. No more easy earnings on the road to gold!
The GST component is not massive really but the additional paperwork, quarterly BAS filing, ABN registration, and general ATO compliance might turn some ants away. I live in hope.
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What kind of calculation is this mate???
what u saying is every 100$ we make 32 $ left
over a 1000. 320
4000$/ month , 1280$ left to us? check your calculation pls
if the rality like u saying why the hell anyone of us doing this rubbish than?????
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