ATO Tax Debt Is Now One of the Most Expensive Loans in Australia
The general interest charge runs at around 10.96% a year, compounds daily, and stopped being tax-deductible on 1 July 2025. Australian small business owes $35.9 billion of it.
The general interest charge runs at around 10.96% a year, compounds daily, and stopped being tax-deductible on 1 July 2025. Australian small business owes $35.9 billion of it.