Tax

[2611geoff]

Hi , does anyone know the obligation that ebay has to the ATO in reporting gross sales ---are there limits , eg over 10,000 , over 20,000 .

Best regards

[*tippy*toes*]

I have very little to decare for 16/17. I didn't realise 1 account was doing so poorly in that time. It made a grand total of $48. By the time I take into account expenses, it will turn into a deduction rather than a payment. The other 2 accounts did marginally better, but still not great looking at previous years. Any tax I have to pay on all accounts this year will be little to none, even with a regular job income.

[chameleon54]

The main products I sell through my stores have fallen in popularity over the last few years. This is partly due to technology changes and cheap Chinese copies being illegally produced and sold on ebay in breach of copyright laws. I believe the stores are also subjected to ebay monthly sales averaging, so I cant really increase sales.

My non store account is still doing reasonably well and was going gang busters while it was recieving the free listings offers earlier in the year. Basically my sales are still holding up reasonably well and are in multi - four figure sums each month, so definately of interest to the ATO.

There are still buyers on ebay for unique products that cant be purchased anywhere else.