Maximize GST and Tax Refund for UBER Tax Return

Previously, the service fee paid to UBER lacked the Goods and Services Tax (GST) due to its operation from a foreign company, exempting it from the Australian GST act. Consequently, claiming 10% of the 25% service fee seemed unattainable. If your monthly sales total $20,000 net of GST, equivalent to $22,000 including GST, and the 25% service fee stands at $5,500, the inability to claim 10% meant a loss of $550 per month.

Revolutionizing Rebates from December 1, 2017: A Potential Gain of $550 Monthly

From December 1, 2017, a paradigm shift occurred, paving the way for potential gains. The alteration allows you to reclaim 10% of the service fee, translating to an additional $550 per month. This newfound opportunity to maximize returns demands attention.

Consult with Sydney’s Accounting and Tax Experts:

Seize the chance to optimize your tax return. Visit us for a consultation with one of the most professional and trustworthy accountants and tax agents in Sydney. Let us guide you through the intricacies of the updated GST regulations and help you capitalize on this potential windfall.