ATO resumes tax debt collections

The Australian Taxation Office has restarted tax debt collections before it becomes problematic for businesses to pay back, having shown leniency during the depths of the COVID-19 pandemic.

Tax commissioner Chris Jordan has told senators the ATO is taking a measured approach.

It is contacting businesses individually to make sure they’re aware of their tax debts and is trying to at least come to an acceptable payment arrangement.

He said the stock of debt has gone up 14 per cent on the same time last year and is now around $40 billion.

He said this is largely undisputed debt with the businesses concerned.

 

Colin Brinsden, AAP Economics and Business Correspondent
(Australian Associated Press)

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