Use of money interest and penalties remission due to COVID-19
If your ability to pay tax on time has been impacted by COVID-19, you can submit a request for remission of penalties and interest in myIR.
By making a request for remission, you confirm that:
- some or all of your amounts owing were due on or after 14 February 2020
- your ability to pay by the due date, either physically or financially, has been significantly impacted by COVID-19
- you have contacted the Commissioner and paid the outstanding tax as soon as practicable.
If you want to provide additional information, send us a message, and we’ll get back to you.
Following this request a weekly process will automatically remit interest and penalties for any eligible bill items.
Instalment arrangements
There's a question to advise whether or not you’ve been impacted by COVID-19 as part of the instalment arrangement application process. If you select 'yes' an overnight process will automatically stop interest and penalties being added on eligible tax assessments until 8 April 2024.
You need to pay off your instalment arrangement by 8 April 2024 to gain full relief from penalties and interest when you've been impacted by COVID-19. Interest will apply to any outstanding amount from the original due date if the arrangement is not paid by 8 April 2024.
If you want to provide additional information, send us a message, and we’ll get back to you.
You’ll receive a letter confirming the arrangement.
If the arrangement defaults, and the original tax amount is not paid, penalties and interest will be charged from the original due date.
