Noticed an ABN i applied for online has just turned three years old and a few days. Have i left it to late i heard i have to renew them every three years to keep it active?
I rang ATO and the hold time was 40 minutes, hung up.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
I have never renewed any of my ABNs and it has been more than 3 years. I did have one cancelled because it hadn't been used though.
It's one i haven't used but thought i would in the next year or so!Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
Jaffa just tell them you intend to start using it shortly and they should hold off the cancellation.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213FletcherTaxMember@fletchertaxJoin Date: 2009Post Count: 31
The ATO does not cancel ABN's on its own accord.
If you have not used your ABN within 2 or 3 consequetive tax returns it will spark a letter asking if you are still using the ABN or not. If you do no reply to the letter within the certain timeframe – the ATO will then proceed to cancel it.
Fletcher Tax Accountants