Tax Bulletin - Failure to Pay Instalments Can Be Costly

January 14, 2020

With the 2020 tax return season almost here, we want to remind you of the importance of paying personal income tax instalments. This could apply to you if you receive or earn any kind of income that is not subject to tax withholding at source, such as business or investment income. This could also apply to you if you receive income that is subject to a low rate of withholding at source, such as pension income. The cost of ignoring your instalment obligations can be high. 

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