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  • Draft ATO guidance on proposed estimates regime expansion

    Consultation is now open on draft PCG 2019/D4, a Practical Compliance Guideline, explaining our administrative approach to assist taxpayers in complying with the proposed expansion of the estimates regime.

    Draft PCG 2019/D4 explains how we intend to administer the proposed new law that is currently before parliament. If the law passes it will expand our ability to make estimates of certain unpaid and overdue tax amounts.

    Currently the Commissioner has the ability to make a reasonable estimate of a business's unpaid and overdue superannuation guarantee charge (SGC) and pay as you go (PAYG) withholding liabilities.

    The Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019 proposes expanding these powers to include goods and services tax (GST), luxury car tax (LCT), and wine equalisation tax (WET) liabilities.

    Draft PCG 2019/D4:

    • explains when the Commissioner can make an estimate
    • explains how a taxpayer can reduce or revoke an estimate
    • explains how a taxpayer can request extra time to challenge an estimate
    • provides examples demonstrating application of the proposed law.

    We are seeking your comments on draft PCG 2019/D4. Consultation closes Friday 4 October 2019.

    See also:

    Last modified: 23 Sep 2019QC 60159