Blog posts tagged with 'ato'

The ATO are chasing a total of $54 Billion to be period, which is overdue to the exchequer (in most cases). What is the right balance here? $34 Billion is owed by SME businesses, many of whom will be sole traders, with their houses likely on the line, and have suffered with dramatic interest rate increases and an economic downturn at the same time.

Criteria for reporting business tax debts We may report your business tax debt if you meet the following criteria: You have an Australian business number (ABN) and are not an excluded entity. You have one or more tax debts and at least $100,000 is overdue by more than 90 days. You are not engaging with us to manage your tax debt. You don't have an active complaint with the Inspector-General of Taxation Ombudsman (IGTO) about our intent to report your tax debt information.