Tax 101 for Australia

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9 Feb 17 06:48:17 am
For starters, it is absolutely mind boggling to determine how to set taxes or how to tell if we even have to charge one at all. Thinking of numbers and equations alone could overwhelm most of us already but we've got you covered. Here's a short and sweet 101 on Tax ID basics per country. This will be updated regularly so keep an eye out to learn more on different country tax policies.

What is a Sales Tax ID?

The sales tax Id is also called a Retail or Reseller's License, State Sales Tax Id, Tax Id, Resale Number, Resale Certificate, or Vendor's License.

All of these names are referring to one thing: A certificate issued for a small fee by your state (if you live in Canada or the US) or country that says you are registered to collect sales tax. You can usually get one from your State's website - just Google 'Your State + sales tax'.

Taxes for Australia

In Australia, taxes they put on goods/services is called GST. Based on their tax authority's website, Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.

You must register for GST if:

-your business or enterprise has a GST turnover (gross income minus GST) of $75 000 or more
-your non-profit organisation has a GST turnover of $150 000 per year or more

If your business or enterprise doesn’t fit into one of the above categories, registering for GST is optional. However, if you choose to register, you generally must stay registered for at least 12 months.

How to register:

When you register for GST, you'll need an Australian Business Number (ABN).

Note: if you are a non-resident there are special rules that may apply to you. Read more about it Link hidden: Login to view.

You can register for GST:

-online via the Business PortalExternal Link
-by phone on 13 28 66
-through your registered tax agent or BAS agent.


Please confirm all the details mentioned on your local tax authority in Australia just to be sure and to protect yourself as a seller and taxpayer as well.

Happy Selling!

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