ATO Debt Release

Are you finding it difficult to pay your taxation debts?

Hardship

If you are experiencing serious hardship, the Australian Taxation Office (ATO) may assess your eligibility to be released fully or partially from payment of particular tax liabilities. “Serious hardship” is defined by the ATO as “when payment of your debt would leave you unable to provide food, accommodation, clothing, medical treatment, education or other necessities for yourself, family, or others for whom you are responsible”.

The only debts that can be considered for release by the ATO are:

• Income tax
• Pay as you go (PAYG) income tax instalments
• Fringe benefits tax
• Fringe benefits tax instalments
• Medicare levies
• Medicare levy surcharges
• Withholding tax
• Mining withholding tax
• Penalties and interest charges associated with such debts
• Our experts can assist with the preparation of the relevant application forms and documentation that must be submitted to the ATO to assess your eligibility for debt release.

Payment Plans

At Brisbane Debt Solutions we can assist you with the preparation and assessment of your cash flow projections and budgets to determine the amount you can afford to contribute to the ATO under a payment plan.

Our experts can also assist you in communications with the ATO to negotiate any payment plans.

For further information or assistance, please contact us.