When do I need to register for GST in Australia?
In Australia, you must register for Goods and Services Tax (GST) if your business's 'GST turnover' (gross income minus GST) is $75,000 or more per year ($150,000 for non-profits). You must register within 21 days of your turnover exceeding the threshold, or if you expect it to exceed the threshold in the current month and the next 11 months. If your turnover is below $75,000, registration is optional. If you register, you must charge GST on your invoices but can also claim 'input tax credits' for the GST included in your business expenses. Note: Taxi, limousine, and ride-share drivers (like Uber) must register for GST regardless of their turnover.
- Compulsory if annual turnover is $75,000 or more
- Registration is optional below $75,000
- Ride-share drivers must register regardless of turnover
- Once registered, you must lodge Business Activity Statements (BAS)
- Allows claiming GST credits on business purchases