Hi all, I’ve been doing my head in today going round and round the ATO website looking for information on the ‘Withholding if ABN not provided‘ for suppliers not located in Australia. The information seems to be surprisingly hard to find given that in this day and age, plenty of businesses must be using overseas services of varying types.
My assumption was always that its up to them (my non Australian suppliers) to look after their own tax affairs including any obligations for paying tax in Australia and that I shouldn’t expect a non Australian business to have an ABN. Am I really meant to be withholding 47% of their invoices and paying it to the ATO? It’s not even possible is most cases as I have to pay for the services in advance. Am I missing something?
Any information or guidance on this would be very much appreciated.