Managing financial difficulty and debt
If you think you’ll have difficulty meeting any of your tax obligations, contact us to discuss your situation. Penalties may apply if you don’t pay on time.
If we have asked you to file an income tax return and you have not yet done so, we'll estimate the amount of tax we think you owe. This is called a "default assessment". You may also be charged a late filing penalty. It is important that you file the overdue return so that your correct tax position can be confirmed. You may even be entitled to a refund.
If you have an amount due or already overdue and need more time to pay, then you may be able to negotiate an instalment arrangement. You can do this online. If you're unable to pay anything towards the amount due then contact us as soon as possible. You don't have to wait until the due date for payment has passed.
Find out what your options are if you’re having difficulty making repayments.
The best way to avoid debt is to pay the full amount you owe, on time, every month. But if you get behind in your payments or think you are going to have trouble paying on time, please contact us.
If you know that you will not be able to pay your tax on time or if you currently have an amount outstanding, there are a number of options available to you. Also learn about the penalties and interest that may apply for failing to meet tax obligations.
Date published: 31 Jan 2005