Economic Downturn – Frequently Asked Questions – Individuals

Are you having difficulty paying your tax on time?

If you are having difficulty paying your tax obligations, phone the Australian Taxation Office (ATO) on 13 11 42 to discuss your circumstances. By contacting the ATO early, they can help you address the problem before it becomes more difficult to manage.

Taking your situation into account, the ATO can help you understand what options are available. In some circumstances, they may be able to offer assistance by arranging the following:

• more time to pay tax debts without interest charge
• tax debts to be paid by instalments
• remission of general interest charges
• release from payment of certain taxes or penalties.

 NB: It is important to lodge on time even if you are unable to pay by the due date.

About the Author

Warren Kruger is an Australian Tax Specialist and Advisor.

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About The Author

Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.

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