The Ultimate Guide on How to Cancel ABN Number!


It might be hard for some business owners and managers to decide to get rid of their Australian Business Number (ABN). This might be because they are shutting down or changing how the law applies to their business. You should know how to cancel an ABN so that the process goes smoothly and follows the rules. Here are some things you should do and steps you should take before you cancel your ABN.

Step 1: Review Your Business Situation

Take a close look at your business before you start the cancellation process. This is how your business works now, how it wants to grow in the future, and how it is right now. Make sure that getting rid of the ABN is the right thing to do.

Step 2: Fulfill Outstanding Obligations

Before you remove your ABN, you need to make sure you’ve taken care of all your other legal duties, such as business activity statements (BAS), tax returns, and other duties. This keeps things from going wrong and makes sure there is a fresh start.

How to Cancel ABN Number– The Ultimate Guide

Step 3: Notify Relevant Authorities

Australia’s Tax Office (ATO) should know that you no longer need the ABN. To do this, you can call the ATO or go to the Australian Business Register (ABR). Be honest with them about your company and the reason you’re leaving.

Step 4: Update Business Records

Change the parts of your business that say the ABN is no longer valid. You should tell your customers, sources, and other important people about the change. Change your ABN everywhere it appears, like on your website, social media pages, and other places.

Step 5: Finalize Tax Matters

Give your last tax return and finish up any other tax work you need to do. To stay out of trouble, keep track of everything you do with your money and pay your taxes on time. To follow the tax rules, this is a very important step.

Step 6: Keep Proof of Cancellation

As soon as possible, make sure you keep proof that you canceled your ABN. If the government finds out more, this information might come in handy at a later time.

How to Cancel ABN Number– The Ultimate Guide

Considerations and Tips

1. Give someone money to assist you. You should pay someone to help you cancel your ABN if you don’t know how to do it or what it will mean. A tax or lawyer can help you understand things better in a way that works for you.

2. Make a plan for how you’ll handle the change in work. Get ready for any changes that will happen to your company before you cancel the ABN. This includes changes in who owns the business or how it is officially set up. You won’t have to take as many breaks this way.

3. Are you aware of any rule changes? If the rules for getting rid of your ABN change, you should be aware of those changes. Rules and regulations can change over time. To keep up with the times, you should know about changes.

Why Would You Want To Cancel Your ABN Number?

People might want to get rid of their Australian Business Number (ABN) for many reasons. This is why most people want to get rid of their ABN:

  • The owner of a company or business can get rid of the ABN if it is going out of business. This might happen if someone is leaving their job, having money problems, or starting a new one. It could also happen if the company has to close for some other reason.
  • If the business changes how it is set up, the current ABN may need to be canceled and a new one filled out. As a business owner, this could happen if you become a partnership or a company.
  • The current owner can remove the ABN if the business is sold or given to someone else. The new owner might have to get a new one after that.

How to Cancel ABN Number– The Ultimate Guide

  • Are You No Longer Eligible for an ABN? If the business is no longer eligible for an ABN, it may need to remove the ABN. The Australian Taxation Office (ATO) lists a number of reasons why this might be the case, such as not having a business in Australia or not having the right business contacts in Australia.
  • Legal Requirements: There are times when you need to get rid of an ABN because of rules or laws. If the business gives false information or is breaking the law, the ATO could tell them to shut down.
  • Some people or businesses may decide to get rid of their ABN to make things easier for the government. This is especially true if they don’t need it for work or taxes anymore.

Someone or a business must tell the Australian Taxation Office (ATO) if they want to get rid of their ABN. Doing things this way is the right thing to do. This is a choice that should only be made after getting help from a tax or accounting expert to make sure you’re following the rules and fully knowing what could happen.


Do a lot of work and make sure you follow the rules if you want to get rid of your ABN. In this full help, you can learn about the steps, things to think about, and common questions. If you follow these steps, you can get rid of your ABN in a good and legal way. This is correct whether you are stopping your company or changing how it works.

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Frequently Asked Questions (FAQs)

I lost my ABN. Is it possible to get it back?

You might be able to get your ABN back if you lose it. But you should call the ATO to make sure you know the right steps and rules to follow.

How much does getting rid of an ABN cost?

Since this was written, getting rid of an ABN didn’t cost anything. Most of the time, the process is free. But you should come back later to see if anything has changed or is better.

How long does it take to get rid of an ABN?

Getting rid of an ABN might take a different amount of time for each person. It’s best to get going early so you have time to deal with this.

What will happen to the name of my business once I cancel my ABN?

Removing your ABN does not mean that you are also removing your business name from service. To get rid of your business name, you also need to go through the Australian Securities and Investments Commission (ASIC).

How can I get rid of my ABN?

You can cancel your ABN online through the ABR, yes. The online process is simple, and it’s quick and easy to let the ATO know your choice.

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