Australian Tax Office requirements

[wests1952]

Some time ago Ebay informed everyone that it must advise the ATO of all sellers that had sales in excess of $20,000 pa.  Recently I heard that the ATO has asked Ebay to advise them of all sellers that have sold in excess of $10,000 pa.  Has anyone else heard of this and if so when did Ebay send out the advice.  Thanks.

[quartzangel]

I declare my eBay income every year you have. To it's the law 

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@lyndal1838 wrote:

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@harley_babes_hoard wrote:

I thought it was 20,000 also.

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It has been changed over the years...the current limit will only be confirmed when ebay/the ATO announce this year's limit.

It really should not matter though...you are supposed to be declaring all income, not just the amount over the ATO limit for ebay to report to them.

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[lyndal1838]

Your point being?

[davewil1964]

What Lyndal said, LAST YEAR

[davewil1964]

What Lyndal said, the year before last.

And this has nothing to do with eBay seller releases anyway.

Which seem to be delivered ad hoc, with minimal notice.