How do I get a Tax File Number (TFN)?

how do i get a tax file number

Why do I need a TFN?

In order to register a business name and operate a business in Australia you need to be registered as an Australian taxpayer. Your TFN identifies your tax status and history with the taxation department. You will not be able to start a business in Australia unless you are eligible for a TFN.

Who can get a TFN?

There are laws and regulations that determine who can own and operate a business under Australian immigration, taxation and other legislation. You eligible for a TFN and therefore you can own and operate a business in Australia if you have:

  • Australian citizenship
  • a valid permanent migrant visa
  • a valid visa with work rights
  • a valid overseas student visa, or
  • a valid visa allowing you to stay in Australia indefinitely.

How to apply for a TFN

Only one TFN is allocated to any individual or entity. If you

have ever provided a tax return in Australia then you will have a TFN. Your TFN will be stated at the top of your tax return. If you don’t have a TFN but think you are eligible then please make use of the following links.

You should apply for a TFN at www.ato.gov.au if you have one of the following:

  • a valid permanent migrant visa
  • a valid visa with work rights
  • a valid overseas student visa, or
  • a valid visa allowing you to stay in Australia indefinitely.

If you are an Australian citizen or resident for tax purposes then you can apply for a TFN using this online form .

In either case, to complete the process you will be required to attend a personal interview and provide the necessary documentation at a participating Australia Post outlet.

How do I get an ABN?

How can I finance a business start up?

Source: www.wysdomgraphics.net

Category: Taxes

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