The Inland Revenue Department (IRD) has issued an important notice regarding the submission of Income Tax Returns for the 2023/2024 Assessment Year. Key Points: Deadline: Saturday, 30th November 2024. IRD Offices (Head Office, Regional, and Metro) will be open on Saturday, 30th November, to assist taxpayers. Submissions after this date will be subject to time bar provisions. Ensure accurate entry of withholding tax/advance tax details to avoid penalties...

The Inland Revenue Department (IRD) has introduced a Simplified Scheme for filing Individual Income Tax (IIT) returns, making e-filing easier and more accessible for eligible taxpayers. This initiative is designed to streamline the process and encourage timely submission of returns for the assessment year 2023/2024. Eligibility Criteria: The IIT Simplified Return Scheme is specifically available to individuals who fall into one of the following categories:...

The Inland Revenue Department urges all taxpayers to clear any outstanding default taxes on or before October 30, 2024. Failure to meet this deadline will result in rigorous collection actions, which may include legal proceedings as per the Inland Revenue Act. It is crucial to act promptly to avoid facing legal consequences or additional financial burdens. Clearing your outstanding taxes before the deadline will save you from unnecessary penalties...