The Australian Taxation Office (ATO) has warned more than 22,000 businesses to pay their obligations or else be reported to credit rating agencies, a move that can impact the capacity of businesses to secure finances and suppliers.
As the taxation office resumed the collection of debt following a period of stimulus payments and tax assistance during the COVID-19 pandemic, it said that it has issued notices of intent to disclose business tax debts of more than 22,000 businesses with a tax debt of at least $100,000 (US$63,800) overdue by more than 90 days.
