Do I need ABN for a paid collaboration in Social media?

 Author: YellowPotato(Taxicorn)Taxicorn

19 June 2025

Probably be best to see a tax agent to understand your tax obligations.

Do I need an ABN for this paid collaboration? or do I only apply for ABN if I receive consistent offers?

• I think most likely it is a business now
• https://www.ato.gov.au/businesses-and-organisations/starting-registering-or-closing-a-business/starting-your-own-business/are-you-in-business

Also, they mentioned X amount + GST, if im going to apply for ABN, do I also need to add GST? Can you please explain what is GST for?

• If annual turnover is less than $75,000 - GST registration would be up to you
• https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/registering-for-gst
• GST is a 10% tax on most goods and services
• If registered for GST, then GST is collected on sales/gross income. E.g. If want to receive $100 for a good or service and registered for GST, then would need to be sold for $110. And doing a GST return or BAS, to pay the $10 to ATO and $100 is kept.
• If registered for GST, can claim GST paid on expenses. E.g. if paid $11 for a good or service and contains GST. Fill in the GST return or BAS and $1 GST is refunded.

Are you able to please send me guidelines on how to properly invoice?

• This may help
• https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/tax-invoices

Side note: if registered for GST, in the income tax return use GST exclusive amounts of the income and expenses, otherwise you would be exaggerating the profit or loss

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