The Inland Revenue Department (IRD) has urged taxpayers to take advantage of the extended tax amnesty, now available until May 1, 2025.
According to a National Competitiveness and Productivity Council (NCPC) release, the amnesty waives all penalties, interest charges, and collection fees, allowing taxpayers to settle only the taxes owed to the state.
“Don’t let this opportunity pass you by. Whether you are a company or an individual, this amnesty is for you,” the release quoted IRD Acting Deputy Comptroller, Fleur Simmons, saying.
Simmons also encouraged taxpayers to act before the amnesty ends.
“If you have any tax arrears for any period up to income year 2021, the tax amnesty allows for a 100% waiver on interest, penalties, and collection fees if the outstanding tax is paid by the 1st of May 2025,” she explained.
In addition, Simmons invited taxpayers with outstanding liabilities in those areas to
contact the IRD to determine their status.
“Once you determine your tax status and you have a liability then you can start the process
going. You come in and have a discussion with one of our officers and they will explain to you the way forward. You can either pay off everything or you can make a payment arrangement. Once it is done by the 1st of May 2025 then all interests, penalties, and collection fees are waived,” the IRD Acting Deputy Comptroller disclosed.
The amnesty covers personal and corporate income tax, property tax, VAT, hotel
accommodation tax, PAYE, withholding tax, contract tax, insurance premium tax, travel tax, and passenger facility fees.
Interest penalties when you owe IRD but they hold your refund for decades and you get no interest. This place needs to be abolished.
This is very true.They do not pay refunds yearly but tax you interest for not complying and they take back what they how you no interest is paid to you. This is a travesty.
Bare nonsense. They hate paying refunds but harassing ppl for taxes.