In the last introduction to how to become a Uber/ Didi driver in Australia and how to "lie down at an annual rate of 100, 000", we learned the basic details of registration steps, requirements for drivers, requirements for vehicles, and so on. So how much money can you make and how much tax can you pay to drive Uber, Didi and other online cars in Australia? Well, today, let`s continue to talk about the things that will happen in the operation after you have successfully changed into a driver.
The problem that everyone is most concerned about is the income of driving an online car in Australia. We used a calculator to show you: suppose you work 60 hours a week and earn $40 an hour, and you need to pay for car loans, insurance, gas, service fees, parking fees, etc. Such approximate figures calculate, a month can earn about $9000, that is to say, a monthly income of 100, 000 is not a dream.
Don`t get excited when you see this number, because it doesn`t mean you can get a lot of money into your pocket. The issue of paying taxes must also be taken into account in Australia. One is income tax, the other is GST.. We have come to explain to you one after another.
First of all, let`s take a look at income tax. That is to say, how much tax you have to pay is related to your income. Let`s analyze three situations:
Revenue is not covered by tax: excluding fees charged by Uber and operating vehicles, the profit earned per hour is 26% of the total revenue.
With a 21%Marginal Tax Rate, you get a net profit of 19%of your total revenue per hour.
When the marginal tax rate is 34.5%, the profit per hour is 15% of total revenue.
In addition to the normal payment of taxes on income beyond the tax collection point, Uber drivers in Australia also have a rule that no matter how much you earn, you have to pay GST (Goods and services tax), for every penny of your income, so each driver is required to register a ABN (Australian Business Number) and GST..
(you can register step by step with the ATO official online)
In fact, the GST of the Uber driver is very easy to calculate, that is, 1/11 of your total income (for example, 100 yuan, 100 yuan, 10 yuan, this 10 yuan is the GST). You have to pay. At the same time, you can also offset some of the GST. you have to hand in by taking back the GST from the cost of running the vehicle. After this, the GST you have to pay will account for about 7% of your total revenue.
Maybe a lot of friends will ask, after considering the expenses and taxes, am I worth being a Uber driver? In fact, it all depends on the individual. Many people choose to open an Uber, to see that the working hours are very free and flexible, and can go to work exactly according to your own wishes and schedules. If you think of this career as a full-time job and increase your operating time every week, your income is still substantial. Some friends tell us that after becoming a Uber driver, they often meet some talking native speaker, after such a long communication, their English level is advancing by leaps and bounds! So, if you meet all the conditions for registering as a Uber/ Didi driver and want to make money freely and flexibly, try it!
From: Australian kangaroo Chinese Automobile Network (https://chinesecarnews.com.au))
