Prime Minister Malcolm Turnbull has praised ride-sharing company Uber as part of the "agile" economy he envisages for Australia.

But the first set of income accounts lodged by Uber Australia shows the company is using the same financial structure of fellow multinationals operating in Australia where the local entity is saddled with large, profit-erasing loans originating from tax havens like the Netherlands.

Uber Australia, which is locked in a court battle with the Australian Tax Office over whether its drivers should collect GST, has submitted accounts with the Australian Securities and Investment Commission covering the nine months of its start-up phase up to June 2013.