Withholding in business transactions - Tax basics for non-profit organisations
Note: This document forms part of our publication Tax basics for non-profit organisations. To view the full publication, click here. The information in this document has been updated for changes that have occurred since the publication was released in June 2007.
Any business or other organisation carrying on an enterprise should quote their ABN in relation to goods or services they supply to another enterprise.
If they do not quote their ABN, the general rule is that the payer must withhold 46.5% from their payment and send the withheld amount to the Tax Office. Some payments are excluded from this rule.
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