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Australian Tax question

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Jan 26, 2020
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Hi!
Is it worth setting up an ABN as a sole trader or would deductibles and tax come under PSI (personal income services)?
 
Hi!
Is it worth setting up an ABN as a sole trader or would deductibles and tax come under PSI (personal income services)?

Short answer is it’s under your personal income tax as as the services are not deemed to be sold in Australia. Declare it under personal income tax...

Also note there is no need for an ABN until you earn over $75k even if you were considered a subcontractor for an Australian businesse.
 
What the old person said, just consider it as personal income services tax.
 
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