ABN Number Usage & Requirements

Australian Members Only

Do you need to supply mySmartFone with an ABN (Australian Business number)?

The Australian Taxation Office states that if your involvement with Krching results in you attracting bonuses for the sale of products these bonuses can be considered income to you, and as such could be subject to taxation.

Affiliates are not employees or contractors to mySmartFone the taxation office may view you as a supplier – that is a person who is supplying mySmartFone with a service (eg. marketing services). Therefore you must supply us with one of the following.

1. ABN: only required if your involvement with mySmartFone is more than a hobby
   
   
2. Statement by Supplier: this statement is for those Affiliates whose involvement with SmartFone is only a hobby. Click on the 'Statement by Supplier' to be able to print a copy of the form which you must facsimile to the Company office or scan and email to support@mySmartFone.com
   

You can visit the ATO site for more information, however note that registration for an ABN is free and will allow you to claim expenses incurred whilst supplying the service to mySmartFone.

GST Registration

If you earn more than $50,000 from SmartFone in one financial year you are required to register for GST. It is your responsibility to inform SmartFone when you are registered for GST.

ATO Statement by a Supplier Form

The Australian Tax Office Statement by a Supplier can be downloaded here. You will need to print this form, complete it and send it to the Australian Tax Office.

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