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How to reduce your tax penalties and/or GIC
If your tax debt includes a tax penalty and/or general interest charge (GIC) you can apply for a reduction or elimination of the tax penalty and/or GIC.
What types of tax penalties can be reduced?
The ATO issues tax penalties for several reasons, for example when a taxpayer has:
- made a false or misleading statement;
- taken a position that is not reasonably arguable;
- entered into a tax avoidance scheme;
- failed to lodge
tax-debt
ATO Director Penalty Notice – Unpaid company taxes
Directors – don’t get caught being liable to pay your company’s unpaid taxes because you will be personally liable for a Director Penalty Notice (DPN). This […][…]
tax-debt
Garnishee arrangement instead of payment plan: Company not wound up
The ATO commenced debt recovery action and would not accept a payment plan. However Waterhouse Lawyers negotiated a Garnishee arrangement so that the company could continue […][…]
tax-debt
Tax Debt: Garnishee Orders from ATO
The Australian Taxation Office (ATO) may issue a Garnishee Order if you fail to meet your tax debt payment obligations. However, you must be left with […][…]
tax-debt
Taxation problems with the ATO? Good news
Led by Commissioner Chris Jordan the Australian Taxation Office (ATO) is adopting a more conciliatory approach in negotiating settlements with taxpayers who have tax debt in […][…]
