Tender tax payment promptly to avoid penalty

Tender tax payment promptly to avoid penalty

Tax for the year of assessment 2017/18 is generally falling due in January 2019. The Inland Revenue Department (“IRD”) urges taxpayers to note their due dates as stated on their demand notes and make prompt payments. If the first instalment is not fully paid by the date specified on the demand note, the total remaining balance including the second instalment will be in default. The IRD will take recovery actions on the tax overdue.  Please pay tax on time to avoid penalty and the inconvenience that might be caused by recovery actions taken by the IRD.

Taxpayers with financial difficulties in settling their tax bill by the due date may write in to the IRD to apply for payment by instalments. If approved, surcharges will be imposed on tax remaining unpaid after the due date.