Uber is a unique and flexible business model of earning income in Australia for anyone with a car that is less than 10 years old. If you start driving for Uber without knowing the tax implication, you could soon land yourself in trouble with the ATO over income tax that you need to pay. But this can be easily solved with proper tax planning and you are fully equipped with basic tax requirement. Hence, it’s important to engage a tax agent to handle your tax affairs.

When you drive with Uber, you are NOT an employee. Instead you are an independent contractor. In other words, Uber does not withhold ay taxes. With this in mind, you as a contractor are required to register yourself with GST. Why do you require to register yourself as GST when driving with Uber? A simple explanation – ATO has confirmed all Uber drivers are required to register for GST. It means you must submit your GST portion from Uber fare to the ATO. And of course at the same time you are entitled to claim the GST portion from the expenses you incurred. This is in addition to the income tax that you need to pay at the end of the financial year 30th June.