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Do I need to pay tax on my incentives?
Do I need to pay tax on my incentives?
Updated over a week ago

Yes, you do! Learn about ATO Requirements here

The Australian Taxation Office (ATO) is closely monitoring income earned through digital economy platforms like Airtasker, Uber, Airbnb, and similar services.

It's crucial to fully and accurately report all your income, including incentives (and expenses!), to avoid potential audits by the ATO. Non-compliance may result in interest and penalties on unpaid or underpaid taxes.

Throughout the year, you likely earn from various sources, such as employment, business activities, and investments like bank interest, dividends, or rental income.

Income received from Askable, whether as gift cards or PayPal payments, is taxable and must be declared as 'other income' on your Australian tax return.

Where can I find my earnings history for tax purposes?

You can access a comprehensive record of your earned incentives by requesting it through your Askable account:

1. Log in to your Askable account.

2. Open the menu bar.

3. Locate "Tax Obligations."

4. Click on the 'Request earnings history' button.

Disclaimer: Askable does not provide tax advice. Consult a tax professional for guidance on your specific tax obligations.

For more details, click here

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