Options for relief from tax debt

The standard practice statement sets out the Commissioner’s practice when considering the options of debt relief from the requirement to pay tax, interest and/or penalties under the TAA 1994.  The options available to the Commissioner are to write-off amounts, enter into an instalment arrangement, remit amounts, or a combination of these options.  There are a number of factors outlined in the SPS that the Commissioner will consider when granting relief from tax.

The Commissioner also has discretion to not grant relief after considering the customer’s circumstances, and may take steps to recover the outstanding tax, including applying to have the customer made bankrupt or liquidated.  This statement updates and replaces 18/04: Options for relief from tax debt.

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