How to Apply for a TFN and ABN as an Overseas Intern Pharmacist in Australia By Dr. Dhirajkumar Leuva
As an overseas intern pharmacist in Australia, you will need to apply for a Tax File Number (TFN) and an Australian Business Number (ABN) to legally work and manage your business affairs. Here’s a step-by-step guide on how to apply for both:
Applying for a Tax File Number (TFN)
A TFN is a unique number issued by the Australian Taxation Office (ATO) to individuals and entities for tax purposes.
Eligibility:- You must be in Australia and have a valid visa that allows you to work.
Steps:
1. Gather Required Documents:
- Your passport
- Your visa details
- Other identification documents as specified by the ATO
2. Complete the Application:
- Visit the [Australian Taxation Office (ATO) website](https://www.ato.gov.au).
- Navigate to the TFN application section.
- Fill out the online application form for a TFN.
3. Submit the Application:
- Submit your application online. If you prefer, you can apply through an Australia Post outlet or a participating government agency.
4. Wait for Processing:
- The ATO will process your application, and you will receive your TFN by mail within 28 days.
Applying for an Australian Business Number (ABN)
An ABN is a unique 11-digit number that identifies your business to the government and community.
Eligibility:
- You must be carrying on or starting an enterprise in Australia.
Steps:
1. Determine Your Business Structure:
- Decide whether you will be operating as a sole trader, partnership, company, or trust.
2. Gather Required Information:
- Your TFN
- Your business details, such as the business name and structure
- Your business address and contact details
3. Complete the Application:
- Visit the [Australian Business Register (ABR) website](https://abr.gov.au).
- Navigate to the ABN application section.
- Fill out the online application form for an ABN.
4. Submit the Application:
- Submit your application online. The ABR will process your application and you should receive your ABN immediately if all information is correct.
5. Register for GST (if applicable):
- If your annual turnover is $75,000 or more, you must register for Goods and Services Tax (GST). This can be done at the same time as applying for an ABN.
Tips for Overseas Intern Pharmacists
- Check Visa Conditions: Ensure your visa allows you to work and meet any other requirements.
- Professional Advice: Consider seeking advice from a migration agent or an accountant to ensure all legal and tax obligations are met.
- Record Keeping: Keep accurate records of all your business transactions and income for tax purposes.
By following these steps, you can successfully apply for and obtain a TFN and ABN, allowing you to work and manage your business activities in Australia as an overseas intern pharmacist.