Withholding in business transactions - Tax basics for non-profit organisations

Receive and keep a record of your supplier’s ABN

When your organisation acquires any goods or services, make sure your supplier quotes their ABN to you before you make any payment to them. Most suppliers quote their ABN on their invoice, and you need to keep this invoice in your business records.

A supplier may also quote their ABN to you on another document as long as it relates to the supply they are making. For example, they can quote their ABN on:

• a quotation notice that relates to the supply
• a renewal notice for insurance or subscriptions
• an order form that you used to order the supply
• a contract or lease document
• a catalogue produced by the supplier, or
• a voluntary withholding agreement.

Last Modified: Tuesday, 11 September 2007