Companies with an Overdue Debt

A company that has an overdue debt with the Australian Taxation Office (ATO) and doesn’t pay the amount owing or doesn’t contact the ATO to make other arrangements, may be issued a Director Penalty Notice (DPN) – which makes the director personally liable if a company has failed to meet its Pay As You Go Withholding, GST and Superannuation Guarantee Charge (SGC) obligations.

The ATO is progressively writing to the directors of companies that have an overdue debt with the ATO. If you receive a letter, or your company has a debt with the ATO, you need to arrange to pay the overdue amount or enter into a payment plan.

If you are facing financial hardship or need more time to pay any overdue debts, please do not hesitate to contact our office on 1300 620 345.