02 8824 4363

Tax File Number

A tax file number (TFN) is a unique nine-digit number that identifies taxpayer for tax and superannuation (super) purposes.
TFN is an important part of tax and super records as well as a taxpayer identity, so need to be kept secure.
Only one TFN is issued by ATO during taxpayer’s lifetime so once a taxpayer is issued a TFN , he doesn’t t need to apply for a new one. Taxpayer will keep the same TFN even if its circumstances changes like for individuals even if they change their name, change jobs, move interstate or go overseas, TFN will remain the same.
A taxpayer can work without a TFN but more tax will be deducted payments being made to him and for individuals on super contributions. Taxpayer will also not be able to lodge tax return electronically, apply for Government benefits or get an Australian business number (ABN).

You can have more information on Tax File Number from ATO website by clicking here

Disclaimer : All the content (including Blogs, newsletters, Fact sheets, calculators etc.) provided on this website is general information only and is neither intended to nor be considered personal financial or taxation advice. The content has been prepared without taking into account your personal circumstances, financial situation or objectives. In making any financial, investment or taxation decision, information provided on this website should not be relied upon and you should seek personal advice. AVS Business Services Pty Ltd disclaims any responsibility for any decision that you make, based on the information provided on this website.All the information provided on this website is prepared in good faith and based on AVS’s knowledge and understanding of superannuation, taxation and other relevant laws and is believed to be correct at the time of writing the information. However as the laws, being dynamic by nature, keeps on changing, you should not rely on the information provided on this website without first obtaining advice from qualified professional.