You may be able to set up a payment plan, based on your situation, that will allow you to make regular payments towards your debt over a certain period of time. 

When you set up a payment plan, you pay an agreed sum of money weekly, fortnightly or monthly until the balance is cleared. 

Tax debts on a payment plan still attract the general interest charge (GIC). Paying off your debt in the shortest time you can, will help reduce the amount of GIC you pay. 

The ATO’s online Payment plan estimator can help you work out how quickly you can pay off your tax debt and how much interest you will be charged. 

If eligible, you may be able to set up a payment plan using ATO online services or by calling the ATO or your registered tax professional. 

It’s important to understand that setting up a payment plan to repay an existing debt doesn’t pause your other obligations. You will still need to lodge and pay any new tax obligations in full and on time.

The payment plan estimator can be found in the Quick links.