| If a taxpayer encounters any financial difficulties
in paying his/her tax on time, he/she may apply to Collection
Enforcement Section of this Department for payment
of tax by instalments. Please note that a surcharge of 5%
will initially be imposed on the balance of total tax payable
not paid by the due date and a further 10% surcharge will
be added to the amount remaining unpaid (including tax and
5% surcharge unpaid) six months after the due date.
Before the Department approves the application, taxpayer
can make payment in accordance with his payment proposal first.
Instalments payments over long period will not normally
be approved, unless justified. Even if such instalment arrangement
is approved, legal proceedings may be instituted and taxpayer
will be liable to pay the legal costs and interests on the
judgment debt from the date of Writ of Summons up to the date
of full settlement of the debt. [Present interest rate is
8.250%]
To support the application, the taxpayer is requested to
provide the following documents:- |
|