Australian Business Number (ABN)
Definition
A unique identifier for businesses dealing with the Australian Taxation Office and other businesses. It is required to register for GST and appears on invoices to avoid amounts being withheld.
Related Terms in International Tax
Superannuation
Australia's compulsory retirement savings system, under which employers contribute a set percentage of an employee's earnings to a super fund. The contribution rate is set by law and has been rising in steps.
T4 Slip
A Canadian year-end statement an employer issues showing an employee's employment income and the deductions withheld, used to file the individual income-tax return. It is Canada's counterpart to the US W-2.
GST/HST Return
The return a Canadian business files to report the GST or HST collected on sales and the input tax credits claimed on purchases, remitting or reclaiming the difference.
CRA Business Number
A unique number the Canada Revenue Agency assigns to a business as a single identifier across its program accounts, such as GST/HST, payroll and corporate income tax.
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