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 and cannot be relied upon in relation to any specific instance. It is not intended to be, nor should it be relied upon as, a substitute for professional advice. TaxEd Pty Ltd and any person connected with its production disclaim any liability in connection with any use.
