Watch out, the taxman is coming.
The Inland Revenue Department says it plans to crack down hard on tax defaulters and dodgers. Trade associations urge restraint because business conditions today are challenging, and especially where underpayment is due to technicalities.
RECENTLY, it was highlighted in the media that the Inland Revenue Department (IRD) officers would be going after businesses and professionals — particularly doctors and lawyers — for under-declaration, avoidance and non-payment of taxes.
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