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Statement by supplier form 2025

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This document provides guidance on the Pay As You Go (PAYG) withholding requirements for payments made to suppliers in Australia, emphasizing the necessity for suppliers to quote their Australian Business Number (ABN) to avoid a 46.5% withholding tax. It outlines circumstances under which withholding is not required, such as small payments or private supplies, and details the responsibilities of both payers and suppliers regarding ABN quoting and record-keeping.

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What is a supplier document?

Supplier (or Vendor) Documents are groupings of documents that illustrate how the construction team plans to build elements of the project. They are made up of things like shop drawings, material and product data and samples.

What is the purpose of a supplier statement?

A supplier statement is a report from your vendors accounting system(s) or accounting software that lists information like your outstanding vendor invoices, missing invoices or credit notes that are due back to you. We can see supplier statements as a summary of your financial relationship with a supplier.

What is a supplier information form?

A supplier information form is a form used by companies to either make new entries or update existing ones about the suppliers the business uses, their payment details, and their contact details.

What is a supplier form?

A supplier information form should include the name of the suppliers business, the type of products or service they offer, whether they are part of any category that would be inscribed under a diversity group, as well as their contact information, payment information, and signature.

What is a statement by a supplier form?

A Statement by Supplier is a written statement provided by an individual supplier to the payer when services are supplied that does not require an Australian Business Number.

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What is an example of a supplier?

A supplier is a person, business, or entity that provides products or services to another entity. For example, a company that sells PCBAs to a laptop manufacturer or OEM is one example of a supplier.

What if an invoice does not have an ABN?

If a supplier doesnt provide an ABN, you generally withhold the top rate of tax from the payment and pay it to us.

Statement by supplier form 2025

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