ATO documentation requirements

Declaring ATO arrears and debt in your application

When applying online for a business lending facility, you'll need to declare any outstanding ATO arrears or debt. This guide explains what you need to declare and how to find that information.

We may also need to verify the details you've provided by requesting specific documentation. The information provided will need to pass our verification process for your application to progress.

ATO documentation needed – if applicable

For all new to NAB applications and when requested by NAB you will need to provide the below ATO documentation.

1. Accounts Summary: a report that details all account names and shows the account balances, overdue amounts and payment plans in place, if any. Ensure that it shows all the accounts that your business has with the ATO.
2. Account Transactions:  a report that details the transactions, lodgements and payments on the account with a running balance. These are required for each account listed in the Accounts Summary mentioned above.
   Most commonly this includes:
   • Income Tax Account: should include all transactions related to your income tax, such as payments made, refunds received and any outstanding balances.
   • Activity Statement: this is required for all accounts
3. Copy of any ATO payment plan(s)
   Please note that Transactions for Superannuation Guarantee Employer or Critical Response may also be required if listed on the Accounts Summary.
   ATO documents can’t be older than seven days from the date of application. We may request additional documentation to support as required.

I have outstanding ATO arrears, what do I declare?

Follow these steps for assistance on what you need to declare.

1. Does the business have any overdue debts with the Australian Tax Office (ATO)? (Yes/No)
2. What is the total tax debt amount as at today?
   Action: You’ll need to Navigate to the ATO portals and find the “Outstanding” amount on the account summary and input this amount.
3. Is there an existing repayment plan in place with the ATO to repay the debt? (Yes/No)
4. Over the next 12 months, how much tax debt will you repay?
   Action: Navigate to your Payment Plan/s (if possible) and input the total amount to be paid over the next 12 months.