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

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

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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.

Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.