Uber

Amendments to FBT definition of “taxi” imminent

Treasury has just released some miscellaneous amendments that include a redefinition of the word “taxi” in regard to certain tax arrangements. An exposure draft addresses the ongoing problem for taxpayers around the definition of taxi for FBT purposes (see the second link on this Treasury webpage, “Miscellaneous Amendments Bill Explanatory Memorandum”, and scroll to page

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Amazon’s tax reputation is a challenge for the ATO

The retailing behemoth Amazon is expected to open for business in Australia very soon, perhaps even in time for Christmas. But Amazon’s tax reputation is a challenge for the ATO, with the worrying factor being the mega-player’s track record on dodging its tax obligations in other countries across the globe where it has opened its

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Tips and traps for your ride-sourcing clients

If you have any clients who have taken up ride sourcing and are providing services through Uber or GoCatch and other facilitators for a fare, there are things they need to know, and tips they will appreciate from you as their tax agent. Tips and traps your ride sourcing clients need to know What they

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Federal Court rules that ride-sourcing is taxi travel

The Federal Court has handed down a decision in a case that deems ride-sourcing is taxi travel within the meaning of the GST law. If the applicant in this particular case appeals this decision, the ATO has announced that it will continue to administer the law according to its already published advice until there is

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Tax and the sharing economy

The concept of a “sharing economy” has been around for long enough now to have had a very real impact on how our financial transactions are conducted. Of course there is a lot more to it than that — there always is — but as far as the treatment of the taxation element of these

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ATO crowdfunding guidance raises questions over gratuities, specialty donations

With the Uber-GST stoush earlier this year mostly settled, the Tax Office has offered an olive branch to another high-profile disruptive economy in the form of provisional guidance that promises things will change if they need to. Historically the Tax Office’s stance on crowdfunding has been narrow but definitive. Late last year, the regulator said

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