Payroll Q&A ‘ What is the rate of withholding where a supplier fails to provide an ABN?

Payroll, Public
Author: Steve Griffiths
3 Aug 2017

Question

Effective 1 July 2017 what is the rate of withholding where a supplier fails to provide an ABN?

Answer

Effective 1 July 2017, the rate of withholding where a supplier fails to provide an ABN reverts back to 47% (from 49%). The usual rules regarding the withholding and reporting obligations continue to apply, however.

This article provides a general summary of the subject covered as at the date it is published. It cannot be relied upon in relation to any specific instance. TaxEd Pty Ltd and any person connected with its production disclaim any liability in connection with any use. It is not intended to be, nor should it be relied upon as, a substitute for professional advice.

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