Instalment payment of tax: Commissioner may allow deferred monthly payments subject to interest and prescribed conditions, default accelerates balance. The Commissioner may, on application and reasons recorded in writing, permit payment of amounts due (excluding self-assessed liabilities) by monthly ... Summary
Instalment payment of tax: Commissioner may allow deferred monthly payments subject to interest and prescribed conditions, default accelerates balance.
The Commissioner may, on application and reasons recorded in writing, permit payment of amounts due (excluding self-assessed liabilities) by monthly instalments subject to payment of interest and prescribed conditions; default of any one instalment renders the entire outstanding balance immediately due and liable for recovery without further notice.
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