Inland Revenue Changes
We want to bring to your attention some significant changes at the Inland Revenue Department (IRD) that may affect you or your business.
IRD's Increased Policing of Tax Debt
The IRD has been instructed to intensify its efforts in policing tax debt. This new directive means that the IRD is taking a much harder line on outstanding tax obligations. If you or your business have any unpaid taxes, it's crucial to be aware of these changes and take immediate action to address any issues.
Stricter Conditions for Payment Arrangements
For those already in a payment arrangement with the IRD, it’s important to note that the conditions have become stricter. Specifically, if you are under a payment arrangement, you must ensure that all future tax obligations are paid in full and on time, in addition to making the agreed-upon installment payments. Failure to comply with these terms could result in severe penalties or the cancellation of your payment arrangement.
What You Need to Do
1. Review Your Tax Obligations
Regularly review your tax obligations to ensure that all payments are up to date. If you have any outstanding taxes, address them immediately to avoid penalties and further action from the IRD.
2. Maintain Compliance
If you are in a payment arrangement, make sure that you adhere strictly to the terms. Pay all future taxes in full and on time, and keep up with your installment payments to stay compliant.
3. Seek Professional Advice:
Navigating tax issues can be complex and stressful. If you are experiencing tax troubles or are unsure about your compliance status, don't hesitate to reach out to us. Our team of experienced professionals is here to help you understand your obligations and develop a plan to get back on track.
Don’t Be Afraid to Talk to Us
Tax troubles can be daunting, but you don’t have to face them alone. We are here to support you every step of the way. Whether you need assistance with understanding the new IRD policies, setting up a payment arrangement, or simply ensuring that you are in full compliance with your tax obligations, we can help.
IRD's Increased Policing of Tax Debt
The IRD has been instructed to intensify its efforts in policing tax debt. This new directive means that the IRD is taking a much harder line on outstanding tax obligations. If you or your business have any unpaid taxes, it's crucial to be aware of these changes and take immediate action to address any issues.
Stricter Conditions for Payment Arrangements
For those already in a payment arrangement with the IRD, it’s important to note that the conditions have become stricter. Specifically, if you are under a payment arrangement, you must ensure that all future tax obligations are paid in full and on time, in addition to making the agreed-upon installment payments. Failure to comply with these terms could result in severe penalties or the cancellation of your payment arrangement.
What You Need to Do
1. Review Your Tax Obligations
Regularly review your tax obligations to ensure that all payments are up to date. If you have any outstanding taxes, address them immediately to avoid penalties and further action from the IRD.
2. Maintain Compliance
If you are in a payment arrangement, make sure that you adhere strictly to the terms. Pay all future taxes in full and on time, and keep up with your installment payments to stay compliant.
3. Seek Professional Advice:
Navigating tax issues can be complex and stressful. If you are experiencing tax troubles or are unsure about your compliance status, don't hesitate to reach out to us. Our team of experienced professionals is here to help you understand your obligations and develop a plan to get back on track.
Don’t Be Afraid to Talk to Us
Tax troubles can be daunting, but you don’t have to face them alone. We are here to support you every step of the way. Whether you need assistance with understanding the new IRD policies, setting up a payment arrangement, or simply ensuring that you are in full compliance with your tax obligations, we can help.
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