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  • Recipient-created tax invoices

    It can be difficult to work out the value of scrap metal until it is sorted, weighed and valued. As a result, the seller may not be able to provide a tax invoice at the time of delivery or pick-up.

    In these circumstances, the buyer may issue a tax invoice. This invoice is called a recipient created tax invoice (RCTI).

    The requirements to issue an RCTI include:

    • the buyer must be approved by us to issue RCTIs
    • the RCTI should be issued within 28 days of making or determining the value of the purchase
    • both the buyer and seller must have a valid ABN.

    See also:

      Last modified: 30 Jun 2017QC 17300