Back to Glossary
Tax & Compliance
Tax Invoice
Definition
An invoice that includes specific tax information required for tax compliance and claims.
Overview
Tax invoices include your tax registration number, tax amount, and other details required by tax authorities. They're necessary for buyers to claim input tax credits.
Example
A GST-registered business issues tax invoices showing ABN, GST amount, and total including GST.
Best Practices
Include all required tax information. Use compliant invoice templates.
Common Mistakes to Avoid
Missing tax registration number
Incorrect tax calculations
Not issuing when required
Frequently Asked Questions
What must be on a tax invoice?
Requirements vary by jurisdiction but typically include seller's tax ID, tax amount, and date.