Managing ATO Debt

Last updated 24th March 2020

The ATO is showing leniency to taxpayers by allowing the deferral of tax payments.

How is ATO helping

The ATO have announced a variety of options available to assist businesses impacted by COVID-19:

  • Six-month deferral of amounts due through the business activity statement, income tax assessments, fringe benefits tax assessments and excise
  • Allow businesses on a quarterly reporting cycle to opt into a monthly GST reporting in order to get quicker access to GST refunds they may be entitled to
  • Allowing businesses to vary Pay as You Go (PAYG) instalment amounts to zero for the March 2020 quarter. These businesses can also claim a refund for any instalments made for the September 2019 and December 2019 quarters
  • Remitting any interest and penalties, incurred on or after 23rd January 2020, that have been applied to tax liabilities
  • Working with affected businesses to help them pay their existing and ongoing tax liabilities by allowing them to enter into low interest payment plans

Anyone impacted by COVID-19 is advised to contact the ATO to request assistance on their Emergency Support Infoline 1800 806 218.

Read more from the ATO website

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