Natural Disaster Tax Reliefs

Author: Lily Li

Many of you may have been adversely affected by a series of recent nature events – Cyclone Gabrielle and the flooding. Inland Revenue (IR) has accordingly published various tax reliefs to help manage your tax obligations. The reliefs cover the following aspects:

• Unable to file or pay on time
• Penalties imposed by IR
• Use of money interest charged by IR
• Financial hardship

Suppose you need help with any of the above, we will be able to assist with the application for the corresponding relief. Either to seek an extension of the filing due date, to remove interest and penalties, or to write off all or some of your tax owing, depending on your situation.