ABN Withholding Clause Samples
The ABN Withholding clause requires a payer to withhold a specified percentage of payment to a supplier if the supplier does not provide an Australian Business Number (ABN). In practice, this means that when a business pays another party for goods or services, and the recipient fails to supply their ABN, the payer must withhold a portion of the payment—typically 47%—and remit it to the Australian Taxation Office. This clause ensures compliance with Australian tax laws by discouraging tax evasion and ensuring that businesses properly report their income.
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ABN Withholding. Where the Supplier does not provide Amplitel with an Australian Business Number (ABN) as part of the PO, the Supplier: (a) represents and warrants that the Supplier is not making a supply to Amplitel in the course of or furtherance of an enterprise carried on in Australia by the Supplier and therefore is not required to provide an ABN; and
ABN Withholding. All payments made under this document are subject to any withholding required by law.
ABN Withholding. 3.1 If the Generator does not provide a valid ABN to Origin or return a completed ABN Withholding Form to Origin within 10 Business Days of the Start Date, then Origin will be entitled to withhold tax from any payment made under this Agreement as required by Schedule 1 of the Taxation Administration Act 1953.
ABN Withholding. Where the Supplier does not provide Cleanaway with an Australian Business Number (ABN) as part of the Purchase Order, the Supplier:
(a) represents and warrants that the Supplier is not making a supply to Cleanaway in the course of or furtherance of an enterprise carried on in Australia by the Supplier and therefore is not required to provide an ABN; and
(b) must pay Cleanaway any liability for taxes, including any penalties and interest, incurred by Cleanaway as a result of a breach of clause 4.4(a).
ABN Withholding. In compliance with the relevant withholding tax legislation or any ATO Public Ruling a party (Payer) required to make a payment to another party (Payee) under this document will withhold an amount of tax from that payment if the payment is for a supply, unless the Payee provides to the Payer an invoice or other document (which can include this document) relating to the supply that quotes the Payee’s Australian business number.
ABN Withholding. Where the Supplier does not provide Telstra with an Australian Business Number (ABN) as part of a PO, the Supplier: (a) represents and warrants that the Supplier is not making a supply to Telstra in the course of or furtherance of an enterprise carried on in Australia by the Supplier and therefore is not required to provide an ABN; and (b) the Supplier shall pay Telstra any liability for Taxes, including any penalties and interest, incurred by Telstra as a result of a breach of sub-cl 5.8(a).