An ATO update reflects the ongoing expansion of global co-operation regarding the administration and collection of tax.
The Australian Taxation Office (ATO) released an update to Law Administration Practice Statement PS LA 2011/13 on 15 August 2019 regarding cross border recovery of taxation debts.
PS LA 2011/13 outlines the options available to ATO officers for the recovery of tax related liabilities where the person who owes the tax liability is outside Australia (the debtor). The Practice Statement also deals with the ATO’s responsibilities for recovering debts on behalf of foreign tax regulators.
PS LA 2011/13 provides guidance regarding the following debt recovery options:
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