An Australian business number, otherwise known as an ABN, is a very vital element of any business in Australia especially those looking to transact with the government or local authorities. It is a unique number given out by the Australian tax office which allows the business in question to reclaim the tax element from goods acquired for resale.
The format of an ABN number
An ABN number is an 11 digit number which is simply two check digits placed before a company's Australian tax office number.
No ABN number means no tax breaks
The goods and services tax
So your Australian business number and the goods and services tax walk hand in hand in the Australian system.Public disclosure of ABN
Running a business in Australia
The Australian business numbers program is just one element of the overall business arena you need to fully understand if you're looking to trade in Australia.
Australian Business Numbers
The same weaving process applies for both synthetic and organic materials.
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