12‑330 Payer must ask Commissioner how m12‑330 Payer must ask Commissioner how much to withhold

#### 12‑330 Payer must ask Commissioner how much to withhold (1) An entity must not intentionally make a payment from which section 12‑325 requires it to withhold an amount, unless: (a) the entity has notified the Commissioner in writing of the amount of the proposed payment; and (b) the Commissioner has later notified the entity in writing of the amount (if any) that the entity must withhold from the payment in respect of tax or \*petroleum resource rent tax that is or may become payable by a foreign resident to whom the payment is made; or the payment is covered by a certificate in force under section 12‑335. Penalty: 20 penalty units. > Note: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit. Failure to notify not an offence against section 8C (2) An entity that fails to notify the Commissioner as required by subsection (1) does not commit an offence against section 8C.