Is the $75000 threshold to register for ABN + GST based on only sole trading income or total income

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(Newbie)Newbie

17 Dec 2022

So I’m looking at starting a part-time business as a sole trader while I also have a part time job. I’ve read online that I wouldn’t need to apply for an ABN and register for GST if my annual turnover is less then $75000 for a sole trading business. However is this $75000 threshold to register for an ABN and GST based on only the income I receive from my business or is the $75000 threshold based on my total annual income from both my part time job and my sole trading business.

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EthanATO

(Community Support)Community Support

17 Dec 2022

Hi @Sanchez,

Great idea! If you're looking to start a business you may be entitled to an ABN. There isn't an income threshold you meet before needing to register for an ABN. You just need to satisfy that you're entitled to one. Our 'Are you in business?' page is a good place to start.

The $75,000 threshold you mentioned only applies to registering for GST. If your GST turnover is $75,000 or more you'll be required to register. Your GST turnover is your gross income from all of your business activities under the ABN minus GST. It doesn't take into account your personal employment income. Our page on registering for GST runs through this all a bit more and should help out.