UNPAID GST OBLIGATIONS TO BE INCLUDED UNDER DIRECTOR PENALTY REGIME

Currently, GST is not one of the taxes covered by the Director Penalty provisions that impose personal liability on Directors.  Only unpaid PAYG and Superannuation Guarantee liabilities form part of the current provision.

There is a Bill currently before Parliament that if passed, will allow the ATO to recover outstanding GST debts from Directors by way of issuing a Director Penalty Notice from 1 October 2019.

If you are a Director of a Company, now is the time to ensure that your GST affairs are in order!

Please contact our office if you would like to discuss this topic further.