In April 2019, ride-sourcing platform, Uber, paid some of its drivers a 'driver appreciation reward'.
If you received a payment, find out below what you need to know about your tax obligations for this payment.
Income tax and deductions
The income you earn from ride-sourcing, including fares, tips and bonuses from any ride-sourcing platform (such as the Uber 'driver appreciation reward' payments), is assessable income. This is because these payments form part of your income-producing ride-sourcing activities.
If you seek legal or professional tax advice related to the taxation of these payments, you can claim a tax deduction for the costs incurred.
Reporting your income
Include the 'driver appreciation reward' payment in your income tax return at the same label you use to declare your business income from your ride-sourcing activities.
To be subject to goods and services tax (GST), you have to supply a good or service in return for the payment.
As you did not have to supply a good or a service to get the 'driver appreciation reward' payment, the amount you received is not subject to GST.
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See also:If you've received a 'driver appreciation reward' payment, find out about your tax obligations.