Reminders

Taxpayers are reminded that property tax is due and payable each year, on or before June 30th.

NB All property bills with arrears, must first be queried at the Customer Service Section, before payment is made. Property bills without arrears should be taken directly to the Cashier Section for payment.

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Vehicle

All vehicle owners whose licence plate ends with 1, must renew their vehicle licence before January 31st. Similarly, if your vehicle licence plate ends with 2, you must renew your vehicle licence before February 29th to avoid interest charges and ticketing fees..

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All insurance companies are reminded that a statement showing the number of policies issued, the value of every policy and any other information required by the Accountant General must accompany the registration fee remittance and the insurance premium remittance. The forms can be found under Form & Guides tab then click on Tax Returns.

 

OBJECTIONS AND APPEALS


It is the right of any taxpayer to object to and Demand Notice or Assessment issued.

WHAT INFORMATION DO I NEED TO PROVIDE?

The Notice of Objection must include:

• The taxpayer's name

• Account or taxpayer’s number

• Taxation statute under which the assessment or disallowance was issued

• Date and number of the assessment

• Period or transaction in question

• Amount of tax or refund, and

• Description of issue(s)

• Facts and reasons for objection

HOW TO OBJECT?

A Notice of Objection can be filed by completing a Notice of Objection form.

IS THERE A COST FOR FILING AN OBJECTION?

There is no cost to file a Notice of Objection.

DO I HAVE TO FILE THE NOTICE OF OBJECTION WITHIN A SPECIFIED TIME FRAME?

Under the Income Tax Ordinance, 1966 – 17 taxation statutes, a Notice of Objection must be filed within 30 days from the day the Notice of Assessment, Notice of Reassessment or Statement of Disallowance was issued.

DO I HAVE TO PAY THE AMOUNT ASSESSED THAT IS IN DISPUTE WHILE THE OBJECTION IS UNDER REVIEW?


Yes, payment is required even if you have filed, or intend to file, a Notice of Objection. There are no provisions in the Income Tax Ordinance, 1966 – 17, tax statutes that allow for the suspension of payment of an amount that has been assessed, but is in dispute, pending the outcome of the Notice of Objection or Notice of Appeal process. Even though a taxpayer has lodged an objection against an assessment, or has noted an appeal against the disallowance of an objection to an assessment, they must pay the tax reflected as due. Payment of an assessment is not suspended by an appeal. Additional interest will be assessed on the principal liability if full payment is not received when the assessed amount is due.

Taxpayers who successfully object or appeal will be paid interest on any amounts paid on an assessment, from the dates the payments were made. However, the amount refunded, including interest, will first go to reducing other tax liabilities owed to IRD before any refund is made.


 


NEWS LETTERS
TIPS
  • Here are two benefits of holding a valid Business Licence.

    • You would be in good legal standing with the Department, since it is illegal to operate in the Federation without one.
    • You would be in a better position to obtain financial assistance from lending institutions, since most institutions conduct business verification checks with the Inland Revenue Department.