Our office will be closed from Monday 23rd December 2019 and reopen on Monday 6th January 2020

Error: Hobbies claiming GST credits?

Warning from ATO, must read below.
To claim GST credits, you must be in business with an intension to make profit. If you are conducting
irregular activity that generates income but no profit, that is merely your hobby not a business. GST
credits cannot be claimed and need to cancel their GST registration.

To know if you are running a business or its just a hobby, please contact us on 08 9242 3555 or email

Source: ATO

Related Post

New Labels In Yhe 2019 SMSF Annual Return Signals ATO’s Risk Profiling Of Trustees

21 August 2019

ATO Expects Many Laundry Claims Will Be Hung Out To Dry

16 August 2019

Fly-In and Fly-Out Workers Tax Deductions

02 August 2019

Login Account

Already a Rubnio Customer?

Invaild email address.

6 or more characters, letters and numbers. Must contain at least one number.

Your information will nerver be shared with any third party.
%d bloggers like this: