Tax Amnesty Update

We advise commencing from 15^th June 2019 to 15^th September 2019 a Tax Amnesty was implemented by the Board of Inland Revenue.

The following points were included as part of the Bill:

Interest on any outstanding tax due and payable for years up to and including the year ended 31^st December 2018.
Outstanding interest charged on any tax due and payable for the years up to and including the year ending 31^st December 2018.
All other penalties due and payable on or in respect of any outstanding tax or interest for the years up to and including the year ending 31^st December 2018.
All penalties on outstanding returns for the years up to and including the year ended 31^st December 2018.
All other penalties with respect to any return for the years up to and including the year ending 31^st December 2018 and filed prior to 15^th June 2019.