Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
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No TFN provided
If a payment is made to a payee and the payee has not:
quoted their TFN
claimed an exemption from quoting, or
advised that they have applied for a TFN or have made an enquiry with the Tax Office
use scale 4 where the amount to withhold is 48.5% for residents and 47% for foreign residents, ignoring any cents.
If a payee states at question 1 of the Tax file number declaration that they have lodged a Tax File Number application or enquiry with the Tax Office, the payee has 28 days to give the payer their TFN. At the end of this time, if the payee has not provided their TFN, unless the Tax Office advises not to, the payer must withhold 48.5% (residents) or 47% (foreign residents) from the total amount of all payments made to the payee, ignoring any cents.
Image unavailable in extracted text Do not allow any FTB, tax offsets or Medicare levy adjustment. Do not add amounts for HECS, HELP or SFSS.