From the 1 July 2017, tax debts will be disclosed to credit reporting bureaus. The Government will allow the Australian Taxation Office (ATO) to disclose to credit reporting bureaus the tax debt information of businesses that have not effectively engaged with the ATO to manage these debts. The ATO does not currently provide this information.
This measure will initially only apply to businesses with an ABN and a tax debt of more than $10,000 that is at least 90 days overdue.
If you are having trouble managing your tax debts, please contact our office on (07) 5492 0300 and we can organise a payment arrangement on your behalf with the ATO.
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