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Answer in Accounting for Jane Lee #97579

Author:
March 18th, 2023

 quoting TFN reduces the risk of administrative errors and having extra tax withheld.

Employer is required to withhold the top rate of tax from all payments made to employee if he do not provide his TFN or claim an exemption from quoting his TFN. 

For example, about TFN in Australia:

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