Understand how and what Information is gathered and shared with USA and other countries.
When you start your own business, knowing the income tax implications of your decisions can save you money and headaches.
Property tax shall be demanded from the 1st January each year. Two separate rates are set for each class of property.
The Inland Revenue Division (IRD) is a division within the Ministry of Finance (MoF). It is responsible for the administration of Inland Revenue laws and the collection of a wide range of taxes and licenses. These include:
Did you know that Tax Returns, if filed late will incur penalties.....
Late Filing of Tax Return
56.-(1) A taxpayer who fails to file a tax return on or before the date on which it is due is liable to pay a late fee equal to the greater of-
(a) five percent (5%) of the amount of tax owing, plus a further one percent (1%) of the amount of tax owing for each month or part of a month during which the failure to file continues; and
(b) five hundred dollars ($500), plus a further one hundred dollars ($100) for each month or part of a month during which the failure to file continues.