COVID-19 - State Revenue makes changes to penalty tax and payment arrangements

News story
Taxpayers can apply for late payment penalty tax to be remitted and an interest-free payment arrangement.
pen and calculator doing finances

See information about the following relief measures for taxpayers whose financial circumstances are directly or indirectly impacted by the coronavirus, including details about how to apply for penalty tax remission or a payment arrangement .

Late payment penalty tax

Taxpayers are liable for penalty tax if they do not pay tax by its due date.

From 23 March 2020, the Commissioner will remit late payment penalty tax in full for taxpayers who demonstrate that COVID-19 has directly or indirectly affected their financial circumstances.

Tax payment arrangements

Taxpayers can apply to extend the time for paying tax or to pay by instalments. Payment arrangements are usually subject to interest at the prescribed rate.

From 23 March 2020, new payment arrangements will be interest-free.

Page reviewed 24 March 2020
Was this information helpful?