Paying your taxes is an important part of the responsibility of a citizen of any country. And so is the situation with Australia. When you do not pay your taxes you are robbing the country of the income that belongs to them and you have no right to use the public amenities that are provided to you by the government if you are not paying your taxes on time. Tax debts can cause a lot of issues if you do not pay them on time.
While the Australian Taxation Office prefers that citizens are responsible and that they pay their tax debts in full, they are willing to understand that sometimes there are unforeseen circumstances that lead to a situation where taxes cannot be paid. In such cases, the ATO is willing to hear your story and provide you a certain amount of relief from tax debts if they are convinced that you are a law abiding citizen and could not pay your taxes this one time.
When you ask for an appointment with the ATO to discuss tax debts, you need to also provide your tax file number and business number so that the ATO can do the preliminary research on your financials. You also need to specify why you could not pay your taxes and the manner in which you will ensure that the tax debts do not accrue.
When you do not pay your taxes on time, there is a general interest charge that accrues on your tax that can be tough to manage later.
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