{"id":9896,"date":"2023-06-27T09:15:17","date_gmt":"2023-06-27T06:15:17","guid":{"rendered":"http:\/\/alssabiqun.com\/?p=9896"},"modified":"2023-06-27T09:15:17","modified_gmt":"2023-06-27T06:15:17","slug":"urgent-tax-office-warning-for-australias-influencers-2","status":"publish","type":"post","link":"https:\/\/alssabiqun.com\/?p=9896","title":{"rendered":"Urgent tax office warning for Australia&apos;s influencers"},"content":{"rendered":"<p class=\"mol-para-with-font\">Australian influencers have been put on notice by the\u00a0Australian Taxation Office as a crackdown on undeclared luxury gifts gets under way.<\/p>\n<p class=\"mol-para-with-font\">The ATO said it will use a sophisticated set of &#8216;data matching&#8217; technologies to weed-out influencers who are failing to report\u00a0sponsorships as part of their income which can include\u00a0handouts and <a href=\"https:\/\/www.loveholidays.com\/\">holidays<\/a>.<\/p>\n<p class=\"mol-para-with-font\">A spokesman warned the technology will be used to see if Insta-famous celebrities are owning up to their &#8216;millionaire&#8217; lifestyles.<\/p>\n<p class=\"mol-para-with-font\">&#8216;If you are paid in-kind, such as with goods or other benefits &#8211; for example, being able to keep an item or outfit used in a post or being gifted something &#8211; you are subject to the same income tax and GST treatment as normal cash or credit payments,&#8217; the ATO told the .<\/p>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p> <noscript> <img id=\"i-8e195d6d6df5bbf\" website height=\"760\" width=\"634\" alt=\"The Australian Taxation Office announced a new crackdown on luxury lifestyle influencer (pictured, Sydney-based influencer and jewellery designer Emma Pillemer)\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<p class=\"imageCaption\">The Australian Taxation Office announced a new crackdown on luxury lifestyle influencer (pictured,  <a href=\"https:\/\/evigetir.com\/evdeneve\/hassasnakliye.html\">EVden evE NaKliYaT<\/a> Sydney-based influencer and jewellery designer Emma Pillemer)<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"splitLeft\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p> <noscript> <img id=\"i-f08ec6906a58fc44\" website height=\"658\" width=\"306\" alt=\"Hundreds of Australia-based influencers share content with 'gifted' hashtags for posts they are paid for through gifted goods (pictured, health influencer Jono Castano)\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<\/div>\n<div class=\"splitRight\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p> <noscript> <img id=\"i-9935e82bb85c0276\" website height=\"658\" width=\"306\" alt=\"Aussie influencers often share promotions after being paid through 'gifts' (pictured, model Chantelle Stanton)\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<\/div>\n<div class=\"clear\"><\/div>\n<p class=\"imageCaption\">Hundreds of Australia-based influencers share content with &#8216;gifted&#8217; hashtags for posts they are paid for through gifted goods (pictured, left Jono Castano, right\u00a0Chantelle Stanton)<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">All income generated by influencers &#8211; even those who use their platform as a hobby, not a business &#8211; is subject to tax under Australian law.<\/p>\n<p class=\"mol-para-with-font\">&#8216;Gifts&#8217; given by companies instead of cash in exchange for advertisements are also considered income.<\/p>\n<p class=\"mol-para-with-font\">However, gifts given by companies without the expectation of services &#8211; for example, PR packages &#8211; aren&#8217;t considered income.<\/p>\n<div>\n<div data-track-module=\"am-related_carousel^related_carousel\" data-track-selector=\".rotator-panels a:not([class*=external])\" data-dm-rotator-rotate=\"false\" data-track-pos=\"static\" data-preferred-shared-network-enabled=\"\" data-dm-rotator-auto-init=\"\" id=\"p-24\" class=\"related-carousel with-fb-or-tw news half\" data-dm-rotator-active-class=\"active\" data-dm-rotator-page-count=\"1.0\" data-dm-social-article-auto-init=\"\" data-dm-rotator-page-size=\"1\">\n<div class=\"rotator bdrcc\">\n<div class=\"rotator-title\">\n<h2>RELATED ARTICLES<\/h2>\n<ul class=\"rotator-pages link-xocc\">\n<li class=\"rotator-prev\"><\/li>\n<li><\/li>\n<li class=\"rotator-next\"><\/li>\n<\/ul><\/div>\n<ul class=\"rotator-panels link-bogr1 linkro-ccox\">\n<li>   <\/li>\n<\/ul><\/div>\n<p><strong>                <\/p>\n<div class=\"fb\"><\/strong><\/p>\n<p><h2>Share this article<\/h2>\n<\/p>\n<p><div class=\"share\"><span class=\"wai\">Share<\/span><\/div>\n<\/p>\n<\/div>\n<\/div><\/div>\n<p class=\"mol-para-with-font\">Australian law requires creators on social media to claim when a post is sponsored, but glitzy events and luxurious gifts are often put in a &#8216;grey area&#8217;.<\/p>\n<p class=\"mol-para-with-font\">Hundreds of influencers around Australia &#8211; including big names\u00a0Jade Tuncdoruk, Olivia Molly Rogers, Bec Judd, Jono Castano, Rozalia Russian,  <a href=\"http:\/\/bdstamreal.com.vn\/?option=com_k2&#038;view=itemlist&#038;task=user&#038;id=29424\">evdeN EVE naKliYat<\/a> Chantelle Stanton, Lisa Danielle Smith and Lucas White Smith &#8211; share sponsored posts with &#8216;gifted&#8217; hashtags.<\/p>\n<p class=\"mol-para-with-font\">Daily Mail Australia does not suggest any of the influencers named or pictured are not declaring gifts to the ATO or are otherwise evading tax.\u00a0<\/p>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p> <noscript> <img id=\"i-72569f0d59882a07\" website height=\"659\" width=\"634\" alt=\"Sydney-based actor and influencer Suzan Mutesi (above) said it will be difficult for influencers to gauge the value of gifts they receive from companies\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<p class=\"imageCaption\">Sydney-based actor and influencer Suzan Mutesi (above) said it will be difficult for influencers to gauge the value of gifts they receive from companies<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"splitLeft\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p> <noscript> <img id=\"i-b285b4d626d02ca2\" website height=\"793\" width=\"306\" alt=\"The Australia Taxation Office said it will be cracking down on influencers who don't claim non-cash payments as income after noticing hundreds of Aussie influencers, sharing posts with the hashtag 'gifted'\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<\/div>\n<div class=\"splitRight\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p> <noscript> <img id=\"i-1afbaed3d2999ea1\" website height=\"793\" width=\"306\" alt=\"The Australia Taxation Office said it will be cracking down on influencers who don't claim non-cash payments as income after noticing hundreds of Aussie influencers, sharing posts with the hashtag 'gifted'\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<\/div>\n<div class=\"clear\"><\/div>\n<p class=\"imageCaption\">The Australia Taxation Office said it will be cracking down on influencers who don&#8217;t claim non-cash payments as income after sharing posts with the hashtag &#8216;gifted&#8217;<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">A\u00a0high-profile accounting executive said the upcoming &#8216;game-changing&#8217; policies will have many influencers rethinking whether &#8216;gifts&#8217; are worth the extra tax.<\/p>\n<p class=\"mol-para-with-font\">&#8216;It is well and good to walk around with a $5,000 handbag but if you can&#8217;t afford the tax, what is the point?  If you have any sort of inquiries concerning where and how you can make use of <a href=\"https:\/\/evigetir.com\/ntpc\/form.html\">evDen eve nAkLiYat<\/a>, you could contact us at the web site. It is a game-changer that will have influencers rethinking the situation,&#8217; they said.<\/p>\n<p class=\"mol-para-with-font\">A celebrity agent agreed,  <a href=\"https:\/\/evigetir.com\/hesaplama.html\">EVDEn EVE nAkLiyaT<\/a> adding\u00a0&#8216;the gravy train is over for influencers&#8217; who can&#8217;t afford to pay cash for expensive presents.<\/p>\n<p class=\"mol-para-with-font\">&#8216;A crackdown will take a <a href=\"https:\/\/www.healthline.com\/health\/can-you-overdose-on-marijuana\">much-needed weed<\/a> whacker to the infestations of wannabe Kardashians of late,&#8217; the agent said.<\/p>\n<p class=\"mol-para-with-font\">However, Sydney-based actor and influencer Suzan Mutesi said it could be difficult for some influencers to determine the value of their gifts.<\/p>\n<p class=\"mol-para-with-font\">She said many non-cash payments given to influencers can be sample designs that were never intended to be sold, goods made specifically for them or invitations to exclusive holidays and events.<\/p>\n<\/div>\n<p><!-- ad: website --><\/p>\n<p><b>            <\/p>\n<div id=\"external-source-links\" class=\"item\"<\/b>\n<p>data-track-module=&#8221;am-external-links^external-links&#8221;><\/p>\n<p><span>Read more:<\/span><\/p>\n<ul>\n<li><\/li>\n<\/ul>\n<\/div>\n<p><script type=\"text\/javascript\"><\/p>\n<p>DM.later('bundle', function()<\/p>\n<p><b>        DM.has('external-source-links', 'externalLinkTracker');<\/b><\/p>\n<p>);<\/p>\n<p><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian influencers have been put on notice by the\u00a0Australian Taxation Office as a crackdown on undeclared luxury gifts gets under way. The ATO said it will use a sophisticated set of &#8216;data matching&#8217; technologies to weed-out influencers who are failing to report\u00a0sponsorships as part of their income which can include\u00a0handouts and holidays. A spokesman warned &hellip;<\/p>\n","protected":false},"author":12180,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2851],"tags":[2848],"class_list":["post-9896","post","type-post","status-publish","format-standard","hentry","category-travel-leisure-destinations","tag-evden-eve-nakliyat"],"_links":{"self":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/users\/12180"}],"replies":[{"embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9896"}],"version-history":[{"count":1,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9896\/revisions"}],"predecessor-version":[{"id":9897,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9896\/revisions\/9897"}],"wp:attachment":[{"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}