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What happens if I don’t provide my Tax File Number (TFN) or Australian Business Number (ABN) (Australian residents)?

April 26, 2017ABN Australian Business don’t file happens tax TFN

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What happens if I don’t provide my Tax File Number (TFN) or Australian Business Number (ABN) (Australian residents)?

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If you don’t provide your TFN or ABN (or exemption type), we are required to deduct tax from any unfranked portion of your AMP dividend at the highest marginal tax rate.