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11 Mar
Tax Debt in Australia Continues to Rise
The ATO’s annual report for the financial year ended 30 June 2024 has shown that Australia’s tax debt has continued to rise. What are the current total tax debts The ATO has reported that: Total collectable tax debt now totals $52.9 billion increasing from approximately $50 billion in 2023. Total debt (being collectable debt, debt […]
Read more 10 May
Total unpaid tax debts top $44 billion
Debts owed to the ATO saw a huge increase over the COVID-19 pandemic due to inactivity by the ATO in terms of recovery actions. Many expected that it would continue its upward trajectory in 2021 and 2022. The recent annual report released by the ATO confirms this. The total tax debts owed to the ATO […]
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