Great news, now there is a way to maximize GST and Tax Refund for your UBER Tax and Business Activity Tax Returns.
Are you a UBER driver, and are paying a service fee to your operator?
Maximize gst refund and uber tax return
Previously, the service fee that you paid to UBER did not have the GST, Since it operates its business from a foreign company and is not subject to the GST act in Australia. This means that previously you would not be able to claim 10% of the 25% of the service fee you paid.
If your sale is $20,000 per month net of GST, that would equate to $22,000 including GST, and the 25% service fee would equate to $5,500, you can not claim the 10% of the service fee, but from 1 December 2017, you might be able to, that would equate to a gain of $550 per month.
Please come and talk to one of the most professional and trustworthy accountants and tax agents in Sydney to maximize your refund for the tax return.
