The cents per kilometre earnings rate is an estimate of the average income of a taxi based on kilometres travelled.
This method of estimating income is used by the ATO when adequate records are not available. The rates are also a reference guide for income tax or BAS return preparation or to compare performance against the industry norms.
|Year||Cents per Km|
(gross earnings including gst)
|2013 – (current)||$1.30/km|
Taxation Ruling TR 96/11 deals with record keeping requirements for the tax industry including the recording of taxi takings.
This page was last modified on 4 July 2016