How much debt is owed to the ATO?

Are second mortgage loans risky?
May 28, 2020
Does owing the ATO affect your credit score?
January 11, 2024
Are second mortgage loans risky?
May 28, 2020
Does owing the ATO affect your credit score?
January 11, 2024

As of September 2023 the tax debt owed to the ATO is around $50.2 billion. However, small business collectible tax debt amounts to $33 billion. The ATO collectible debt rose from $12 billion in the 2019/2020 year. The growth in debt owed to the ATO is attributed to two major factors:
1. Businesses falling behind on tax committments during covid lockdowns.
2. The ATO putting a hold on tax collection activities as a result of covid.

https://www.smh.com.au/money/tax/ato-urges-small-business-to-come-clean-on-30-billion-of-debt-20230608-p5df5g.html