New Ebay Australia ATO Reporting Limit - Page 1
Forum section: electronics / general

author: EEVblog
author_rank: Unknown
timestamp: October 23, 2015, 01:40:19 am
content: Heads up Aussies:The Ebay Australia limit for reporting to the tax department used to be $20k/year, it's now $10k/year.Sell over that in a year & Ebay will automatically report you to the ATO.

author: Muttley Snickers
author_rank: Unknown
timestamp: October 23, 2015, 01:51:35 am
content: I don't trade much on Ebay so it wont affect me at all really, lots of discussion elsewhere about it in other places though, a couple of links below.http://www.heraldsun.com.au/news/australian-taxation-office-to-check-records-of-online-buyers-and-sellers-in-hunt-for-tax-cheats/story-fni0fiyv-1227313883737?sv=c6cb3c4853f1de057cd901441af05e02http://forums.whirlpool.net.au/archive/2244211http://www.itnews.com.au/news/ato-asks-ebay-for-help-catching-tax-cheats-402966https://community.ebay.com.au/t5/Recent-eBay-News/Australian-Tax-Office-requirements/td-p/1089489I could continue with a long list but others can readily find it if they need to.Many thanks for the heads up......

author: nowlan
author_rank: Frequent Contributor
timestamp: October 23, 2015, 08:42:32 am
content: Surely power sellers etc, would need to be a business, ABN or taxfile no.Thought you had to have a certain turn over to be taxed.https://www.ato.gov.au/Business/Starting-your-own-business/In-detail/Getting-started/Online-selling---hobby-or-business-/

author: mswhin63
author_rank: Frequent Contributor
timestamp: October 24, 2015, 09:35:27 am
content: Fortunately I have an eBay account that is aligned to my business anyway. Although it doesn't sell that much especially $10k per year.

author: VK3DRB
author_rank: Super Contributor
timestamp: October 25, 2015, 03:37:52 am
content: $10000 is too high. Crooks will simply open different accounts linked to different bank accounts to cheat on tax. It should be $1000 on all new items, so it becomes all too hard to avoid tax. The government will use eBay to collect GST within 2 years. Those selling their own second hand stuff on eBay will have nothing to worry about. The professionals however should be fined if they are cheating on paying tax.Tax dodgers are robbing all of us and the some of the biggest tax avoiders are Apple, Google and Microsoft - companies that demonstrate very poor corporate citizenship. If everyone paid their fair share of taxes, the economies of the world would greatly improve. Australia has 1.7 million property investors who avoid paying income tax (legally). These parasites are also partly responsibly for housing prices becoming unaffordable to young Australian workers. All with the blessing of our politicians who all have skin in the game (they each own 2.5 properties on average). The mega-rich in the US and Australia don't pay their fair share of taxes either. So the much poorer workers have to pay their taxes for them.If I were Prime Minister...eBay tax would lowered to $1000 per year.Taxes would be fair and equitable.Foreigners would be banned from buying our residential land.Multinational companies would be forced to pay their tax.Scams like negative gearing would end.Politicians and their would be forced to sell their investment properties to prevent conflict of interest.I would probably be assassinated.

author: Stonent
author_rank: Super Contributor
timestamp: October 27, 2015, 03:37:30 am
content: I'm of the opinion that one should endeavour to give as little to the government as legally possible and use as little of them as possible.Keep them weak.

author: Artlav
author_rank: Frequent Contributor
timestamp: October 27, 2015, 09:05:36 am
content: On a related note, is there an international buying limit in Australia?Like, you can buy no more than $1000 worth of stuff from abroad per month?

author: crispy_tofu
author_rank: Super Contributor
timestamp: October 27, 2015, 09:12:24 am
content: Quote from: Artlav on October 27, 2015, 09:05:36 amDoesn't look like it - looks like just an Import Declaration has to be made:QuoteSource:http://www.border.gov.au/Trav/Impo/Buyi