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Tax withheld not provided TFN

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If I don’t provide my tfn when I receive dividends to the share company, how will the ATO know that they have withheld too much of my tax?
 
If I don’t provide my tfn when I receive dividends to the share company, how will the ATO know that they have withheld too much of my tax?
Carrier pigeon. ??

The company reports to the ATO using your HIN number and name.

It's a rare case that aren't reported... (Beacon didn't report mine for Fin Year ending 2021 @barney )
 
If I don’t provide my tfn when I receive dividends to the share company, how will the ATO know that they have withheld too much of my tax?
Just in case, make sure you highlight the withheld tax portion on the dividend statement when you give it to your accountant so that’s it’s not missed.
 
In theory the broker, which has your TFN, should notify the share registry of those details. Sometimes it doesn't happen and so the share registry on behalf of the company withholds 45% from any dividend/distribution paid. The dividend/distribution statement indicates whether or not the TFN has been supplied. and the amount withheld.

As others have indicated you will need to claim the amount back when you complete your tax return.

Always best to register with the respective share registry, PITA though it may be, and verify all details (TFN, email address, bank details, communication method, etc) including if you need to self-certify under the FACTA/CRS requirements.
 
B
In theory the broker, which has your TFN, should notify the share registry of those details. Sometimes it doesn't happen and so the share registry on behalf of the company withholds 45% from any dividend/distribution paid. The dividend/distribution statement indicates whether or not the TFN has been supplied. and the amount withheld.

As others have indicated you will need to claim the amount back when you complete your tax return.

Always best to register with the respective share registry, PITA though it may be, and verify all details (TFN, email address, bank details, communication method, etc) including if you need to self-certify under the FACTA/CRS requirements.
How do you claim it back in your tax return?
How does it know how to calculate how much you were over charged ?
 
How do you claim it back in your tax return?

Never had to do it as I've always made sure my TFN is recorded but I assume there is a provision to claim back withholding tax in the tax return.

Just had a gander at one of my tax returns prepared by an accountant. This section would seem to apply to you

1658450876145.png

How does it know how to calculate how much you were over charged ?

Suggest you calculate it.
Never, ever assume the ATO calculates these correctly and that any auto-fill is 100% accurate. On its web-site the ATO has placed a disclaimer about it effectively saying rely upon our calculations at your own peril.
 
Never had to do it as I've always made sure my TFN is recorded but I assume there is a provision to claim back withholding tax in the tax return.

Just had a gander at one of my tax returns prepared by an accountant. This section would seem to apply to you

View attachment 144394



Suggest you calculate it.
Never, ever assume the ATO calculates these correctly and that any auto-fill is 100% accurate. On its web-site the ATO has placed a disclaimer about it effectively saying rely upon our calculations at your own peril.
How would you calculate it yourself? Sorry dumb question.
 
How would you calculate it yourself? Sorry dumb question.

No question is dumb if asked in complete honesty.

As I have said I've never had to to it but I would assume you would place the total amount withheld from the dividend but it really is a question for an appropriately qualified person which I am not.
 
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