Australian Mercantile Collections

ATO takes ‘stringent’ stance on GIC remissions as part of debt clampdown

ATO takes ‘stringent’ stance on GIC remissions as part of debt clampdown

The ATO has said that too many tax professionals are looking to secure payment plans and penalty remissions for clients when their clients are not in “genuine need”.

Speaking in a recent webinar, ATO assistant commissioner, lodge and pay, Sylvia Gallagher stressed that payment plans were not a loan to businesses and were only there for those that needed genuine support.

“We expect those who can and do pay on time to do so. I listen to a lot of phone calls and watch a lot of processing…

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