Can my ATO payment plan be interest free?
April 23, 2020How Do I Apply for ATO Tax Debt Hardship?
April 23, 2020ATO tax debt negotiation may involve requesting reduced penalties, interest remission, or revised repayment terms.
Before considering any negotiation, the ATO requires all lodgements to be current and a full disclosure of financial circumstances. Where insolvency action or legal proceedings are pending, this must also be disclosed.
Negotiation is typically suitable when there is time available and the tax position is compliant, rather than in urgent enforcement situations.