Pay Interest to ATO, Not Banks: Government Defends Credit Card Tax Payment Ban
Assistant Minister Andrew Charlton says struggling small businesses should set up payment plans with the ATO as a credit card ban comes into place.
The Australian Taxation Office (ATO) will no longer accept credit card payments for tax bills. The Labor party supports this decision, advising small businesses to arrange interest-bearing payment plans with the ATO. This change aligns with government efforts to eliminate card surcharges for consumers by placing those fees back onto businesses.
- ATO stops accepting credit card payments for tax bills.
- Labor backs the ATO’s decision.
- Small businesses are encouraged to arrange interest-bearing payment plans with the ATO.
- This move is linked to government efforts to eliminate card surcharges for shoppers.
Write a comment