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Get help with paying your tax debt

Posted by Laura Hann on 17 November 2014

Did you know if you owe money to the Tax Office and do not have the capacity to make payment in full by the due date you can apply for a payment arrangement?
These arrangements can be made on a weekly, fortnightly or monthly payment cycle and for up to 18 months.
These arrangements are granted at the discretion of the Tax Office, however, in our experience it is unlikely that these would be rejected.

The conditions of these payment arrangements are as follows:

"Interest will accrue on the unpaid debt from the original due date until the debt is paid in full"

"It is important to enter an arrangement that you can continue to pay while also paying your ongoing liabilities (such as quarterly activity statements or annual income tax). You should also make sure any outstanding tax obligations are lodged and, if necessary, included in your payment scenario. You should aim to create a payment scenario that is both within your means and pays off your debt in the shortest possible time frame. Once you have come up with a suitable payment scenario, you are ready to propose an arrangement to the ATO."


You can contact your Tax Agent if you need to organise a payment arrangement with the Tax Office.

Author: Laura Hann
Tags: Tax

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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)