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  • Withholding from payments for supplies

    Payers must withhold 47% (from 1 July 2017) from the total payment for a supply unless one of the following applies:

    • payers have an invoice or some other document relating to the supply on which the supplier's ABN is quoted
    • the ABN of the supplier's agent is quoted (if the supply is made through the agent)
    • one of the exceptions to withholding applies, or the supplier is not entitled to an ABN.

    Payers may also be required to withhold 47% (from 1 July 2017) from the payment if they have reasonable grounds to believe that the ABN quoted is invalid – for example, it belongs to another entity.

    Last modified: 30 Jun 2017QC 17241