It’s a Good Idea to Pay Your Taxes On Time!

Date: 2nd February 2018

For new debts from 1 April 2017, the 1% on going monthly penalty will be scrapped for income tax, GST and some other payments. However, the immediate penalty that applies to late payments, and the 4% penalty after a further week, will remain. So will use of money interest on overdue tax. It’s a good idea to always pay your taxes on time!

For more details, check this out.

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