I Can’t Pay My Tax Debt. What Do I Do?
April 23, 2020Why Do I Have a Debt to the ATO?
April 23, 2020In limited circumstances, the ATO may release certain tax debts where paying them would cause serious hardship.
Full release is uncommon. More often, the ATO may agree to remit penalties and general interest charges (GIC). To be considered, all tax returns and BAS must be up to date, and the hardship claim must be supported by evidence.
Some tax debts, such as GST, PAYG withholding, and superannuation guarantee charges, are generally not eligible for release.
See the ATO application for release of tax debt.
