$1m cashflow hit on Bachcare from looming app tax

$1m cashflow hit on Bachcare from looming app tax
The app tax that platforms such as Bachcare will have to implement from April 1 is complex and there will be confusion, a Deloitte tax partner says. (Image: Bachcare)
Rebecca Stevenson
Holiday-home management firm Bachcare says the new so-called app tax will have a $1 million impact on its cashflow. From April 1, goods and services tax (GST) of 15% will be applied to digital marketplaces and platforms such as Airbnb, Uber and food delivery services. They will need to charge the tax, even if the actual driver or accommodation owner providing the service is not GST registered and makes less than $60,000 a year. The National party campaigned on axing the app tax and its u-turn after the October election caught man...

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