Jul 12, 2026 – 3.48pmThe Australian Taxation Office may never be able to recover half the $100 billion tax it is owed, says a new report by the Australian National Audit Office that warns small businesses are the biggest defaulters and rising debt risks some taxpayers obtaining an unfair financial advantage.The latest audit of the ATO’s management of small business collectable debt revealed an increase of $19.4 billion between 2018-19 and 2024-25, representing a 118 per cent rise.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
ATO faces $50b tax shortfall as small business debts rise
The Australian National Audit Office says the tax office needs to step up efforts to curb a 118 per cent rise in small business tax debts since 2018.
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