Paying ATO on CC... Quick Question

[gogo419]

Don't think i am posting in the right area?? But need a reply ASAP..

Friend has a personal income tax liability to the ATO he needs to pay this week. ATO says payments less than $50,000 will be accepted by credit card. So can he split it up and make three separate payments all under $50,000? (As the the total liability is in 6 figures) All this week? Then his points balance will be nice and healthy..

cheers gogo

EDIT: Please move this down to the Credit Card forum.. Totally forgot we had that section.. Sorry Mods..

 

[robd]

Don't think i am posting in the right area?? But need a reply ASAP..

Friend has a personal income tax liability to the ATO he needs to pay this week. ATO says payments less than $50,000 will be accepted by credit card. So can he split it up and make three separate payments all under $50,000? (As the the total liability is in 6 figures) All this week? Then his points balance will be nice and healthy..

cheers gogo

Yes he can.

 

[opusman]

Make sure he's aware that if he wants to claim the payment surcharge as a tax deduction, the credit cards MUST be in credit before he charges them (i.e. he must use his own money to pay the personal tax liability, rather than borrowed money).

 

[cove]

Citibank stopped doing points for ATO in March so make sure he does not use anything Citi.

 

[gogo419]

Thanks for that! Yes. Has an ANZ card.. Will pass the info on! Much appreciated..

cheers gogo.