GST for Content Creators

GST for Content Creators

 

If you make $75 000 or more from content creating activities, you’ll have the same GST obligations as everyone else.

 

You need to register for GST if your GST turnover from your enterprise is $75,000 or more in a 12-month period.

 

 

This includes payments you receive (whether cash, services, goods or a percentage of advertising revenue) for creating and posting content that:

  • reviews and promotes products and services.
  • acquires followers, viewers and subscribers.
  • is sponsored, endorsed, or has advertising placed in it.
  • is licensed by others.
  • is created in collaboration with other content creators.

 

When working out your GST turnover to determine if you need to register, include:

  • both taxable and GST-free sales
  • the value of non-monetary payments.

 

It’s important to remember that payments you receive from recipients:

  • outside Australia may be GST-free
  • within Australia will be taxable sales.

 

See how GST applies to exporting services when receiving payments from overseas social media platforms.

 

Once you have registered, you need to collect GST on taxable sales to pay it to the ATO by lodging a business activity statement (BAS). You may be able to claim GST credits when you lodge your BAS.

 

Ref: ATO website, Tax Professionals Newsroom, 11 October 2023

 

 

Are you looking for an advisor that will keep you up to date and provide guidance and tips like in this blog? Then why not contact me at our Falconbridge office or Luera office in Blue Mountains office to arrange a one-on-one consultation. Just Book Free Consulation up on the right to find the appointment options.

 

Yan Qi CA

 

 

 

 

Mobile: 0403 050 779

This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. This website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.