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21 December 2019
Our Rotary Club has had a long term deposit with the St George Bank since 2010, as we did not have a Tax File Number until last week, St George have been with holding tax on that account sine 2010.
I understand that the bank should refund any wth holding tax for the current faninacial year but how can we claim back any moneys deducted from previous finacial years.
the Form on the ATO website doesnt appear to applay to our needs as a not for profit Rotary Club
22 December 2019
Withholding tax can be claimed back via lodging tax returns.
You can file amendments for the previous 2 years.
With the remaining ones as you have exceeded the 2-year limit, you should file an objection to the 2-year limit requesting the tax.
Australian Taxation Office
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