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012-019 - PAYG Withholding - Payments to Businesses Who Have

Every business with a turnover in excess of $75,000 per annum should have applied for the issue of an Australian Business Number and should have registered for GST. If a business receives an invoice from a supplier or contractor that does not contain an Australian Business Number, then the payer mu ...Read more
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Every business with a turnover in excess of $75,000 per annum should have applied for the issue of an Australian Business Number and should have registered for GST.

If a business receives an invoice from a supplier or contractor that does not contain an Australian Business Number, then the payer must withhold an amount from the payment to that supplier or contractor and remit that amount to the Australian Taxation Office.

This paper analyses the rules applicable to withholding tax from payments made to businesses that have not quoted an Australian Business Number. The paper is presented in four pages and includes commentary on:

  • PAYG Taxation System
  • No ABN Quoted
  • Entitled To Accept Stated ABN
  • Private Individuals Do Not Have To Withhold Taxation
  • Entities - Other Than Individuals Do Have To Withhold
  • General Exemptions To Quoting An ABN
  • Payer's Responsibility To Withhold Tax
  • Individual's Statement Re Hobby Or Private Use
  • Reporting Amounts Withheld
  • Payment Summaries
  • Annual Reporting To Australian Taxation Office

and includes as an Addendum, a Supplier's Statement.