The Australian Tax Office (ATO) regularly reviews and sometimes cancels inactive Australian Business Numbers (ABN’s). This can happen when the taxpayer has not reported business activity in their tax return, or there are no signs of business activity in other lodgments or third party information. The ATO assumes the taxpayer is no longer using their ABN. The ATO will usually contact them via email, letter or SMS.

If the taxpayer is still operating the business, The ATO will advise the taxpayer what is required to retain their ABN. If no contact is made by the taxpayer with the ATO, their ABN will be cancelled. If the taxpayer believes they are entitles to the ABN the taxpayer needs to reapply.

ALWAYS DISCUSS WITH YOUR ACCOUNTANT

 

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