The director penalty notice (DPN) regime is one used by the Australian Tax Office (ATO) to recover debts owed to the ATO. The ATO has the power to issue DPNs to directors to make them personally liable for their company’s tax debt. Directors are otherwise not usually liable for debts of their companies. Types of […]
Read moreWe have previously written about the Federal Government’s proposal to enable the ATO to issue GST Director Penalty Notices. The proposed legislation was passed on 5 February 2020 and it is due to commence from 1 April 2020. That means from then on company directors can be liable for the future GST debts of their […]
Read moreThis article has been updated to reflect recent developments with GST Director Penalty Notices. In July 2019, the Federal Government introduced the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019. The legislation was passed by both house of Parliament on 5 February 2020. It gives the ATO the power to: Estimate GST payable by a […]
Read moreIf you have a tax debt , you should urgently obtain professional advice and assistance. This will help you avoid ATO recovery action.
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