{"id":32702,"date":"2020-02-19T10:08:59","date_gmt":"2020-02-19T02:08:59","guid":{"rendered":"https:\/\/zegal.com\/?p=32702"},"modified":"2023-03-23T12:07:41","modified_gmt":"2023-03-23T04:07:41","slug":"do-i-need-an-australian-business-number-abn-to-invoice","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-sg\/blog\/post\/do-i-need-an-australian-business-number-abn-to-invoice\/","title":{"rendered":"Do I Need an ABN to Invoice?"},"content":{"rendered":"\n
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Whether an ABN is needed is a common question amongst entrepreneurs starting their own businesses<\/span> in Australia<\/span>. <\/span><\/p>\n

First, let us explain what it is for anyone who doesn\u2019t know. ABN stands for Australian Business Number<\/strong>, a unique code consisting of 11 digits<\/span>,<\/span> which identifies your business to others when ordering and invoicing. ABN serves <\/span>a number of<\/span> purposes, such as claiming goods and services tax (GST) credits and getting an Australian domain name. But out of all these good reasons to register for an ABN, its <\/span>impact on invoicing and payment<\/span> <\/span>concerns<\/span> entrepreneurs the most. In this article, we will <\/span>take a look<\/span> at the scenarios in which an ABN is legally required, how it affects the financials of your business and some other important points to note regarding ABN registration<\/span>.<\/span><\/p>\n

When is an ABN (compulsory)?<\/span><\/h4>\n

If you fall into one of the categories below and your business is expecting a yearly turnover of $75,000 or more, having an ABN is compulsory:<\/span><\/p>\n