If a person is affected by any natural disasters like bushfire, flood or drought ATO can niche them with a person lodgment program and they reconstruct the records. ATO gives support by:
• Allowing tax returns or activity statement without penalty • Allowing extra time to pay the tax without debit any general interest charges • Making arrangements to pay the payment in terms of instalments • Cancel the penalties that were calculated automatically while disaster • Fast tracking refunds • Refunding money credited for the existing debts • Conducting field visit for making reasonable estimated and to assist with reconstruction records of tax If needed a person or client can go with the option of PAYG instalments. ATO provides lots of help if a person lost their assets or money during the natural disaster and providing lots of additional time to pay the debt.
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AuthorKervin Kupp Archives
April 2020
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