IRD's usual tax-recovery procedures
is deemed to take place at the close of business on the "due date". Normally,
a notice of surcharge of 5% on unpaid tax is issued to the defaulter
requiring full payment within 10 days. Then, if tax is still unpaid, the Revenue
may send recovery notice to third parties including the defaulter's bank,
employers or debtors. Then, if tax is still unpaid, the Revenue may take legal
proceedings to enforce payment of the overdue tax and surcharge.
is unpaid for more than 6 months, a further 10% surcharge may be added to
the unpaid amount.
judgment sum remains unpaid, execution may be levied on the movable
property of the defaulter or a charging order be applied against
his immovable property. In some cases, bankruptcy
proceedings may be taken against the taxpayer.
the first installment of provisional tax is in default, the second installment will become
due and recoverable.
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