What is Form NAT 3346?
Form NAT 3346, known as the Statement by a supplier not quoting an ABN, is a vital document for suppliers who do not provide their Australian Business Number (ABN) to the businesses they work with. This form clarifies the reason for not quoting an ABN, helping businesses understand compliance with tax regulations. It prevents issues such as unnecessary withholding of payments. It’s essential for the payer to keep this document on file for accurate record-keeping and tax purposes.
What is Form NAT 3346 used for?
Form NAT 3346 is important for suppliers not quoting an ABN. It serves several key purposes:
- Validation of Exemption: Confirms no withholding is needed for exempt payments.
- Supplier Details: Provides the supplier's name and address.
- Withholding Exemption Confirmation: Confirms that a withholding exception applies, avoiding a 47% deduction.
- Record Keeping: Maintains a record of the payment for tax compliance.
How to fill out Form NAT 3346?
- 1
Enter your full name, address, and contact information in the designated fields.
- 2
Provide details about your employment history and qualifications.
- 3
Complete sections regarding your skills and experiences.
- 4
Review the form for any errors or missing information.
- 5
Download the completed form for your records.
Who is required to fill out Form NAT 3346?
Individuals or businesses providing goods or services without needing to quote their ABN are responsible for completing Form NAT 3346. This includes those not required to have an ABN for specific activities.
After completion, payers use the form to justify their decision not to withhold 47% of the payment, supporting their tax obligations.
When is Form NAT 3346 not required?
Form NAT 3346 is not required for suppliers who are individuals under 18 with payments under $350 per week, those making payments under $75 excluding GST, and those providing goods or services that are wholly input taxed. Additionally, individuals supplying for private or domestic purposes, or those not entitled to an ABN because they are not carrying on an enterprise in Australia, also do not need this form.
When is Form NAT 3346 due?
The deadline for Form NAT 3346 is when a supplier fails to provide their ABN to an enterprise. This form must be completed and given to the payer if the payment does not exceed $120 a week. It clarifies why the ABN was not quoted.
How to get a blank Form NAT 3346?
To get a blank Form NAT 3346, simply visit our website. The Australian Taxation Office issues this form, and we have a pre-loaded version available in our editor. Remember, our platform helps with filling and downloading, but does not support filing forms.
How to sign Form NAT 3346 online?
To sign form NAT 3346, Statement by a supplier not quoting an ABN, you must provide a handwritten signature, as official guidelines do not accept electronic or digital signatures for this form. After filling out the form using PDF Guru, you can download it for your records. Remember to check for the latest updates to ensure compliance with current requirements. PDF Guru helps you with filling out forms but does not support submission.
Where to file Form NAT 3346?
The NAT 3346 form should be handed over to the payer making the payment. It acts as proof that no withholding tax applies.
Keep a copy for your records, as the payer must retain it for 5 years. Submit the form via mail or in person, but do not file it with the Tax Office.
