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tax in australia

  • avatar

    by: reutsharon
    SaleHoo Junior Member
    27 posts

    tax in australia

    Posted 11 Nov 07 11:05 am.

    ok i know i am gonna sound stupit to all of u, please don't laugh at me :(
    i am trying to start somthing here, i am selling on ebay, droppshiping from china, i have no idea what is going on with the tax, do i need to open ABN nomber? is it like a bussnis?
    i just moove here to au, and i am alittle bit confused about the rules and everything...i know there is a subject about this issue here in this forum, but i can't find it, please if someone can tell me how do i find out about the tax for ebay?
    i mean if i sell somthing do i need to pay the tax? i know there is everytime i am selling somthing - it's show 'get paid send invoice', i never send it, and i never received from any buyer on ebay....
    anway i really need hellp, i hope i am doing the right thing. if not - what is the right thing to do?
    thanks!!!!
    reut
  • avatar

    by: elecxtronex
    New SaleHoo Member
    6 posts

    Re: tax in australia

    Posted 13 Nov 07 5:38 pm.

    Lol you are not required to pay any tax at all. You only pay tax when you file a tax return. If you don't file a tax return, then their will be no tax at all.
  • avatar

    by: reutsharon
    SaleHoo Junior Member
    27 posts

    Re: tax in australia

    Posted 14 Nov 07 12:04 am.

    but is it a legal,not to file a tax returne? i mean i am doing a profit so i need to pay tax-am i?
  • avatar

    by: tgibbings
    New SaleHoo Member
    3 posts

    Re: tax in australia

    Posted 14 Nov 07 4:10 am.

    yes, highly illegal if you are running a business and don't declare income. I believe the ATO is planning a crackdown in ebay business as they have identified it as an area of great loss of tax. If you do it as a hobby then there is no tax payable. Best speak to an accountant to work it whether it is classed as a hobby or business
  • avatar

    by: grey nomad
    New SaleHoo Member
    4 posts

    Re: tax in australia

    Posted 16 Nov 07 10:07 pm.

    If you sell more than $75000 pa, then you need to declare it as a business and need a ABN.
    Check out:
    A New Tax System (Goods and Service Tax) Act 1999-section 13-20.

    It's better to keep it legal, rather then trying to cheat.
    You save yourself a lot of money in the long run, really.

    Frank of Oz