If you don’t have an Australian Business Number (ABN), you may be eligible to provide a completed Statement by Supplier form along with your invoice instead. This will ensure you can be paid in full without an ABN. Some of the reasons you may be eligible to use a Statement by Supplier form instead of an ABN include:
- You are under 18 and making less than $350 per week
- The payment does not exceed $75
- The service or products you provide are part of a hobby or recreational pursuit
The supplier can use this form to justify the payer not withholding from the payment to the supplier
If you’re invoicing a business and don’t have an ABN, the payer is required to withhold 46.5% of your payment. If it’s early on in your enterprise and you choose not to get an ABN you can avoid the withholding of payment by providing a Statement By Supplier form.
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