A tax file number (TFN) is important for all Australians and not just for tax purposes. Here’s what a TFN is in Australia & how to apply for one.
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A business in Australia has both ABN as well as TFN. It is a 8 or 9 digit number to be produced only in tax related matters, and its use otherwise is prohibited. It is this TFN that helps individuals file their income tax returns at the end of each financial year. To receive income...