What are the requirements of a tax invoice?
For amounts less than $1000, the Australian Taxation Office stipulates that a valid tax invoice must have: 1) The words ‘tax invoice’ 2) The name or trading name of the supplier 3) The ABN of the supplier 4) The date of issue 5) The total amount payable, including GST 6) Either: • The GST amount and the total amount excluding GST; OR • If GST applies to the entire amount (is exactly 1/11th of the total price), a statement to the effect that the total amount payable includes GST. 7) A brief description of each item supplied Where the amount payable is $1,000 or more the following additional requirements must be met: 8) For each description identify the quantity of goods or extent of the services provided. 9) The name or trading name of the recipient (e.g.
