• Integrity Measures

The ATO is coming for tax and superannuation debts

In this Budget, the Government has announced that it will provide an additional $133.7m to the ATO to address the levels of unpaid tax and superannuation debts in the community. It is intended to target taxpayers gaining an unfair financial advantage by not paying these amounts over those paying their fair share.

This measure is projected to have a gain to the Budget of $1.2b over the four year forward estimate period.

BDO Comment

Taxpayers who have not prioritised paying their tax and superannuation debts in the past should expect to receive more attention from the ATO. The Government wants taxpayers to understand that the ATO is not a credit facility, and an increase in debt collection pressure by the ATO will likely reinforce this.