No more than six months from the date you are filling out the form.What is your date of registration for GST? This isn’t a mandatory question, but if you’re not required to register for the GST and want to, then say Yes. If you are not required to register for GST, are you volunteering to register for GST? If you’re not required to register for GST, select No. Then, answer the following questions according to your circumstances.Īnswer this based on whether your earnings meet or will meet the threshold above. Select Goods & Services Tax on the following page and click Next on the far right.Ĩ. Click Add tax type on the far right of the page.ħ. You’ll likely see a message that no tax types are attached to the account, which is fine. Select Activity Statement, then click Tax type summary.Ħ. Under Select one of the following options to view these details, select Registrations then click Next.ĥ. ![]() Once you’ve logged in, click on Business registration details.Ĥ. Because of changes being made to how you log in, you might need to link your ABN with your personal tax file number.ģ. Once you have your ABN, log in to the ATO’s Business Portal. To get an ABN, decide on your business structure (you can find help here) and then head to the Australian Government’s Business Registrar.įirst you’ll need an ABN, an 11-digit number unique to your business.Ģ. Make sure you have an ABN before you register.One of the easiest ways is to register for GST online by following these steps: This allows them to claim tax credits on purchases they need for their businesses. You can claim fuel tax credits for any taxable fuel you use in your business.īusinesses with turnover below the $75,000 threshold may still register for GST voluntarily if they choose. If you need to claim fuel tax credits.This is compulsory, regardless of how much you earn. You provide travel services via taxi, limousine or ride-sharing companies like Uber.Your nonprofit earns more than $150,000 per year (gross income minus GST).Your business has earned (or will earn) $75,000 per year or more (gross income minus GST).Related: Learn how to officially register your business in Australia 2. But don’t worry, the Australian Taxation Office (ATO) will automatically send you a BAS when it’s time for you to file. GST-registered businesses are required to submit business activity statements (BAS) on a regular basis. ![]() ![]() The purchaser pays GST on top of their transaction.įor more exemptions, see this handy list. Introduced on July 1, 2000, it replaced federal and state taxes for a simplified 10% tax on products and services. The GST is a federal tax on goods and services. What is the GST? With few exceptions, any business that makes $75,000 per year must charge GST. From the items that are exempt from taxation to when and where to register your business, it’s all here. We take the stress out of deciding whether or not your business is required to charge (and submit) Goods and Service Tax. The products or services you offer will also determine whether or not you must charge GST.Įditor’s note: Don’t have a website yet? Launch your site today with GoDaddy or let the pros at GoDaddy create a gorgeous website for you. Should you register for GST or not? Do you need to? What happens if you need to and don’t?Įvery small business needs to register for the GST once it reaches an income threshold.
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