The ATO has updated it’s payment plan service to provide more tailored payment plans to better suit taxpayers’ circumstances. The change ensures the right balance in offering a manageable payment plan.
If you have a debt with the ATO, your tax agent can set up a payment plan online without the need to contact the ATO by phone. A payment plan can set up if you:
- have an existing debit amount under $100,000 (total balance or overdue amounts)
- haven’t defaulted on a payment plan for the relevant account more than twice in the past two years.
When setting up a payment plan, an upfront amount will be provided tailored for you as well as instalment amounts that have been manageable for other taxpayers with similar circumstances.
You can still vary the upfront amount and instalment amounts above or below the amounts provided.
If you are unable to arrange a suitable payment plan online, you can contact the ATO to work with you to find the right solution.
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