Parliament has just passed legislation to include GST in the Director Penalty Notice (‘DPN”) Regime,
and it comes into effect on 1 April 2020.
A Director Penalty Notice is a Notice that the Australian Tax Office (“ATO“) can send to a director that
can make that director personally liable for, currently, two types of tax debts of a company – Pay As
You Go (“PAYG“) and Superannuation Guarantee Charge (“SGC“) liabilities. The addition of Goods and
Services Tax (“GST”) to this list means the ATO will be able to pursue a company director personally
for the majority of a company’s tax debt.
Details in the PDF
and it comes into effect on 1 April 2020.
A Director Penalty Notice is a Notice that the Australian Tax Office (“ATO“) can send to a director that
can make that director personally liable for, currently, two types of tax debts of a company – Pay As
You Go (“PAYG“) and Superannuation Guarantee Charge (“SGC“) liabilities. The addition of Goods and
Services Tax (“GST”) to this list means the ATO will be able to pursue a company director personally
for the majority of a company’s tax debt.
Details in the PDF
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