Directors’ personal liability extended to include companies’ GST liabilities

Recently enacted legislation has extended the director penalty rules to include GST, luxury car tax and wine equalisation tax. For tax quarters starting from 1 April 2020, a company director becomes personally liable for these unpaid liabilities of the company unless they take corrective action within specified time limits.

Before the recent changes were enacted, these penalty rules only applied to Pay As You Go (PAYG) withholding and superannuation guarantee charge (SGC) liabilities.

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