Sales Tax Assessment Act 1992
91YWorking out the withholding amount
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91Y Working out the withholding amount
(1) The withholding amount for a payment that is made in respect of the purchase of Part 7A goods where the purchase involves only Part 7A goods and an invoice is given for the purchase is:
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(2) In any other case, the withholding amount for a payment that is made in respect of the purchase of Part 7A goods is:
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(3) In this section:
notional wholesale selling price has the same meaning as in Table 1 in Schedule 1.
Schedule 4 rate is the rate of tax that applies to taxable dealings with goods covered by Schedule 4 to the Exemptions and Classifications Act.