Final income tax payments to be settled today

30 September 2024 01:33 am Views - 186

All taxpayers must ensure to make their final income tax payments for the Year of Assessment 2023/2024 by September 30, the Inland Revenue Department (IRD) said.

While urging the tax payers to adhere to the deadline, the IRD cautioned that failure to do so may result in penalties and interest charges. 

“The penalties and interest imposed for non-payment or late payment of income tax will not be waived off or reduced,” it said in a notice issued on Friday (27).

The Department also urged taxpayers to clear all outstanding default taxes on or before 30 October, after which, any unpaid default taxes will be subject to rigorous collection actions, including legal proceedings in terms of the Inland Revenue Act.