Inland Revenue Warns Against Avoiding 39% Rate : vimarsana.c

Inland Revenue Warns Against Avoiding 39% Rate


Friday, 12 March 2021, 11:15 am
Inland Revenue (IR) says the new 39 percent tax rate for
those on incomes over $180,000 may see some high-income
earners tempted to try and reduce their exposure to the
rate.
IR Customer Segment Leader, Tony Morris, says IR
will be keeping a close watch for any activity by such
people that looks like its primary aim is to avoid the 39
percent.
“If that’s how it looks to us then
we’ll take the necessary action.
“We’re
currently talking directly to tax agents and putting out a
range of direct communications that are effectively a
warning message and a guide to what kinds of activity will

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