Home – New Forums Starting your journey Sole Trader, Offshore client, GST Reply To: Sole Trader, Offshore client, GST

#1202178
Easysmb
Member
  • Total posts: 84
Up
0
::

Hi There,
As your wage income is over $75k, then your marginal tax rate (32.5%+2%) is well above the company tax rate (28.5%), based on your plan or projection, your option might be to form new legal entity (company or trust) for your business income.

As your service for EU company, you income might be GST free.

GST registration: As Taxopia, your wage does not count towards business income threshold, you don’t have to register GST, but you can register annual GST if you want.

Good luck