PAYG withholding applies to several withholding events, including:
- if the payment is for a supply and the payee does not quote an ABN
- payments made under a PAYG voluntary agreement, and
- payments made under foreign resident withholding.
For example, if the payer withheld an amount from a payment because the fund did not quote its ABN, the payer should have given the fund (payee) a PAYG payment summary - withholding where ABN not quoted (NAT 3283).
A payer may issue a receipt, remittance advice or similar document in place of the payment summary, provided the document contains all the information required.
If an amount from a payment to the fund was withheld by the payer because of the operation of foreign resident withholding, the fund should have received a PAYG withholding from foreign residents - payment summary (free format) from the payer.