Uber Australia keep the share of profit from the income uber drivers earn by driving. So the company is only responsible for the payment of tax imposed on its share that it takes from the uber drivers. The responsibility of remaining tax is imposed on the drivers by Australian tax officials. Uber drivers are legally responsible to file their income tax statement by the end of every income tax year to show their actual uber income they are earning as a side business.
If you are an uber Australia’s driver and trying to hide, misrepresent and dodging Australian taxation official about your uber income then you are not far from being caught by officials. Because Australian taxation officials have all the information about each and every uber driver. Your uber earning is being tracked by Australian taxation officials and you might any time get caught by the ATO officials. So instead of putting yourself in a worst situation of heavy fine and tax debt you should show your actual income in your income tax statement every year.
Uber drivers afraid to show their actual income because of the fear of the payment of taxes. If you want not to be stuck in any terrible situation then try to save and separate a handsome amount of money from your income every day as the tax money so whenever the tax is imposed at you, you might fearlessly submit your tax and save yourself from any worst situation.
Uber is an online cab service that provides you safe and secure rides at your door steps. You need not to roam around for a cab. You can book your cab by online application at your mobile and your cab will reach you and drop you to your desired location. After reaching at your desired location the fare will appear on your application face and you have to pay that fare. The fare paid by the passenger has a share of Uber Company because uber drivers are uber partners. So they have to pay that share to uber.
Australian taxation officials have declared it very clearly that all uber drivers who are earning more than seventy five thousand dollars from uber Australia have to show their income tax statement to the tax officials and pay the recommended amount of tax. If you are resisting to pay tax then it is being made obvious by the tax officials that you will have to pay the tax debt along with heavy penalty.
So it’s better to be safe then to regret later on. All you have to do is to spare a portion of your income for income tax payment, show your income in income tax statement every year and pay the tax when the time comes. You can file your income tax statement online through the online website of Australian taxation office.