Estimated assessments and penalties on the way for non-filers


If a best judgment assessment has been issued, immediately you need to compute your actual tax liability and file the necessary tax returns.

NOT filing any of your tax returns is a serious offence. It can lead to penalties up to 300%, or if the matter is taken to court, there will be penalties and even imprisonment.

If there is no conviction, the normal penalty will be an additional 45% on the outstanding tax.

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