i think so but am not 100% sure ABN is generally required for...

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    i think so but am not 100% sure

    ABN is generally required for registering for GST

    since share trader does not pay (i.e. collect) any GST to the ATO, i can't see how an ABN would be a requirement (however not 100% sure)

    however, a share trader can claim 75% of GST paid on brokerage therefore can register for GST

    (note: if you do not claim GST credits for brokerage, the GST paid is an income tax deduction. a sharetrader is slightly better off registering for GST because getting 100% back of 75% of GST paid on brokerage is better than claiming 75% of GST as a deduction on marginal tax rates)

    regards
    Last edited by ddzx: 18/09/19
 
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