Sellers using the classroomcopy.com marketplace platform must adhere to specific taxation policies to ensure compliance with Australian tax laws. Below is an outline of these key taxation obligations:
GST is a broad-based tax of 10% on most goods, services, and other items sold or consumed in Australia.
10% GST is collected by Classroom Copy Pty Ltd on sales based on information provided upon signup to the Classroom Copy website.
| Seller Location | Purchaser Location | GST Amount |
|---|---|---|
| Australia | Australia | 10% |
| Outside Australia | Australia | 10% |
| Australia | Outside Australia | 0% |
| Outside Australia | Outside Australia | 0% |
All GST collected is paid to the ATO by Classroom Copy Pty Ltd to comply with Australian taxation laws.
Tax invoices are sent directly from Classroom Copy Pty Ltd to the purchaser in accordance with Australian taxation policies. Invoices include the ABN (Australian Business Number) and the total of GST collected.
Income earned from sales through the marketplace must be reported in the seller’s annual income tax return. This applies to sole traders, partnerships, companies, and trusts.
Sellers can claim deductions for expenses incurred in earning business income, such as costs related to marketplace fees, and other operational expenses.
Sellers must maintain accurate and detailed records of all transactions conducted through the marketplace, including sales, expenses, and GST collected.
Records should be kept for at least five years from the date they were prepared, obtained, or the transaction was completed, whichever is later.
Classroom Copy Pty Ltd does not collect or remit sales tax on behalf of sellers who have registered outside of Australia. It is the sole responsibility of each seller to determine their tax obligations and to collect, report, and remit the correct sales tax to the appropriate tax authorities. By using classroomcopy.com, sellers agree to comply with all applicable tax laws and regulations, including the collection and remittance of sales tax. Classroom Copy Pty Ltd will not be held liable for any tax-related issues or disputes arising from transactions conducted on our platform.