Bankruptcy Tax administration 2012

Tax and insolvency

Source: Victoria

Published Date: 20 Sep 2012

 

This presentation covers:

  • tax and insolvency
    • What are the tax implications for companies who cannot meet their tax liabilities and their directors?
    • ATO powers to collect tax related liabilities from the Company
  • general collection powers
    • negotiating deferral or a payment plan in relation to a tax related deferrals
    • offsetting refunds and credits against tax related liabilities
    • enforcement measures for the collection of tax related liabilities by the ATO
  • ATO powers to collect tax related liabilities from directors
    • changes to the obligations on directors under the Tax Laws Amendment (2012 Measures No 2) Act 2012
    • Director penalty provisions
    • PAYG withholding non compliance tax
    • Director indemnities
    • trading whilst insolvent.

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Individual Session

Tax and insolvency

Materials from this session:

Details

  • Published On:20 Sep 2012
  • Event Name:Tax and Insolvency Masterclass
  • Session Name:Tax and insolvency
  • Read Time:3+ minutes
  • Took place at:RACV Club, Melbourne

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The Tax Institute
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("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

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