If your tax debt includes tax penalties and/or general interest charge (GIC) you can apply for a reduction or elimination of the tax penalty and/or GIC. […]
The ATO does not 'cut a deal' with taxpayers on a commercial basis. The law doesn't allow it. But there are some parts of the law that allow for a tax debt to be reduced. This article explores these options.
When the ATO issues a DPN, it can continue to chase the company for the same underlying amount, and can chase multiple directors for the same underlying amounts.
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 […]
The ATO can continue debt collection against you, even if you are disputing the debt. Read more about its policies and whether a 50/50 arrangement is suitable for you.