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How to add your ABN or GST status in Timely

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In July, 2017 there was a change to GST legislation in Australia. This change requires that GST be collected on all international online services and products that are sold to Australian consumers. This includes subscription services like Timely. 


If you are based in Australia, then you may also be required to pay GST (10%) on your Timely subscription invoices. However, if your business is GST registered, then you could be eligible for an exemption. In this article, you will learn how to add your ABN or GST status in Timely. If you need to make any adjustments to these, see our help guide How to update your ABN or GST status for more information.
 

 

Important note: it is the business owner's responsibility to be truthful about GST registration for the purposes of tax exemption. The ATO places full responsibility on you the business owner to communicate this truthfully. Timely is not accountable for any misinformation, or information given under false pretences.

 

 

Timely notes:

  • This is effective from the 15th of January, 2018.
     
  • If you are registered to pay GST, you are treated as a business entity and will not be required to pay tax on your Timely subscription.
     
  • If you are not registered for GST, then you are treated as a consumer and will be required to pay tax on your Timely subscription.
     
  • As no GST is collected, businesses that are registered to pay GST in Australia, will not be able to claim tax credits for their Timely subscription and associated payments.

 

 

How to add your ABN and GST status

1 Upon opening an account with Timely, you will be prompted to register your ABN and GST status.

 

2 If you have an ABN, enter this in the I have an ABN field. If you do not have an ABN, click the confirm I don't have an ABN button.

 

3 Then, update your GST status. Under my business is GST registered click yes if you are registered and no if you are not.

 

4 When you are ready, click save to apply your changes. Alternatively, you can choose I'll fill this out later to update your status at another time.

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