Aug 02

When do I need to register for GST?

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When do I need to register for GST?

As a general rule, all business owners to register for GST when their annual turnover reaches $75,000 (unless you are in the rideshare industry, where you must register straight away).

However, this doesn’t mean waiting until you actually reach the $75,000 turnover. You must register as soon as it becomes clear that you WILL achieve a turnover of $75,000 within the financial year.

We suggest that when you’re monthly income consistently hits over $6,250 per month you should register for GST.

Find out more here: 
https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/registering-for-gst#ato-Whenyouneedtoregister
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About The Author

Jason is the Principal Accountant at Wingr and your go-to guru for short-term rental management success. With over 25 years of accounting under his belt and a property investment enthusiast since he was 18, Jason expertly blends his professional know-how with his personal passions to help your business soar. Jason isn’t just an accountant; he’s your business wingman in every sense of the word.