Thursday, October 19th 2017

Question

Why get an abn?

Interesting Question?   (5)   (6)



Answers (1)

10th Nov 2009 by Tobias John Sterling

An entity that operates a business in Australia should get an ABN (an Australian Business Number) for four reasons. First, they are free and easy to apply for on the Australian Business Register website (go to http://www.abr.gov.au/). Second, they are necessary when applying to register for the Goods and Services Tax (GST), which is mandatory for any business with an annual turnover of more than AU$75,000. Third, not having an ABN means that other business must deduct 46.5% of any payment to you and remit it to the Australian Tax Office. Fourth, they make it easier for businesses to deal with all levels of government using just one identifier.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



1st Nov 2009 In Business 1 Answers | 878 Views
Subjects: abn,

Answer This Question / Give Your Opinion
Why get an abn?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What are the different types of Clydesdale Bank home loans?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What are the different types of Clydesdale Bank home loans?
Unanswered Questions in Business
What are Clearing house services?
What are BPOINT Receivables?
Where can you get traditional paper imprinters for a business?
Can i use my abn for two different businesess?

Answered Questions in Business
How to register an abn?
How to get an acn?
How to find an acn?
Why get an abn?
How to cancel abn?
Ask A Question
Get opinions on what you want to know:
Specific to any country?