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ARTICLE · 05 JANUARY 2022

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Resolving tax debts – ATO tax disputes

Resolving tax debt disputes with the ATO could take a considerable amount of time and be very expensive.

AustraliaTax

Tax debts are essentially debts owed by a business to the Australian Taxation Office ("the ATO").

These can include tax & superannuation liabilities and debts, ATO interest & penalty charges, credits and refunds of indirect taxes, foreign tax credits, and/or franking credits and debits.

It may be that there is a mistake, or something is not quite right with the demand from the ATO.

If this is the case, then the onus is usually on the taxpayer to prove the inconsistency.

Disputes with the ATO over tax debts can take a considerable amount of time and be very expensive.

If you have tax debts, then it is vital that you get good legal advice from a suitably qualified disputes lawyer, especially considering the ATO is set to ramp up its debt collection activities.

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