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Running online business in Australia

Full Member
Posts: 4
Joined: 03 Apr 08
5 Apr 08 02:43:09 am
Hi fellows,
i am not quite sure how to put this, but how does the tax applies to ABN if u are running business online OR if u are selling items online via ebay.

Full Member
Posts: 1
Joined: 02 Apr 08
5 Apr 08 04:17:06 am
Great question! Unfortunately I don't know the answer however I have a booking with an accountant which hopefully will provide an answer. Will post once I get one. :)

Full Member
Posts: 331
Joined: 15 Jun 06
7 Apr 08 04:26:47 am

You would normally just add your profits from your eBay/online business to your tax return at the end of the year. If your overall earnings (eBay + any other income) are $75,000+, then you need to apply for an ABN.

If you are buying items for the purpose of reselling, then you need to start keeping records for tax purposes.

If you have over $50,000 turnover from your ebay business, you will need to also register for GST. This means that all your listing prices need to include GST, which will need to be reported on a Business Activity Statement, and it also means that you can claim the GST which you pay on expenses associated with your ebay business.

If you cannot afford the services of an accountant, or would prefer not to, the Australian Taxation Office can answer most of your questions over the telephone.


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