2 mins read

Understanding ATO tax debt disclosures

Description​

Increasing numbers of businesses have fallen behind on tax and superannuation obligations, forcing the Australian Taxation Office (ATO) to ramp up its debt collection activity.

But what does this actually mean for businesses in terms of enforcement?

Public disclosure of outstanding tax debts is a key element of its approach. A disclosed debt can significantly impact your ability to trade, so it’s important that businesses are aware of their obligations.

There has also been a significant increase in the issuance of Director Penalty Notices (DPNs) from the ATO, whereby company directors are personally liable for outstanding goods and services tax (GST), pay-as-you-go withholding PAYGW and super guarantee charge (SGC) liabilities.

Join our webinar hosted by Patrick Coghlan (CEO, CreditorWatch) and Anita Challen (Assistant Commissioner, Frontline Risk and Strategy) to understand why the ATO is publicly disclosing tax debts, how it affects businesses like yours, and strategies to avoid such disclosures.

KEY CONTRIBUTORS

Anita Challen

Assistant Commissioner, Frontline Risk and Strategy, Australian Taxation Office

Patrick Coghlan

Patrick Coghlan

CEO, CreditorWatch

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