ARE YOU READY TO PROTECT YOUR BUSINESS, FINANCES AND OTHER ASSETS FROM THE GIANT?
The New and enhanced Board of Inland Revenue (BIR) is no longer prepared to be a passive administrator and to accept what is paid but to persue what is due, an active enforcer. (Minister)
“Amendments have been made to thirteen (13) existing laws to give the Board of Inland Revenue authority to investigate tax related offences, other than merely assessing returns and collecting revenue.”
The BIR has obtained significant NEW POWERS under the recently passed Miscellaneous Provisions (FATF Compliance) Bill/Act 2025 to:
(a) Exercise authority under the Income Tax and other laws;
(b) Investigate tax offences brought to their attention;
(c) Take and record statements from taxpayers, employees and agents;
(d) Compel the production of books, records and documents; and
(e) Co-operate with other law enforcement agencies and competent authorities.
2025/2026 BUDGET EXTRACT
(i) Government has intensified efforts to strengthen revenue administration.
(ii) Ongoing modernisation of Inland Revenue Division and Custom & Excise Divisions
(iii) Recruitment of 250 officers across Audit, Tax and Information & Communication Technology
(iv) To fill all vacant entry-level posts by February 2026.
(v) To improve compliance, expand audit coverage and strengthen arrears collection.
LANDLORD BUSINESS SURCHARGE
Why pay a fine of $250,000 and serve prison time of three (3) years?
Why pay interest of fifteen percent (15%) and a late payment of five percent (5%)?
We can assist with:
1. Registration, Surcharge calculation and quarterly payments to the BIR.
2. Obtaining BIR file number and record keeping.
3. Queries, audits and objection by the BIR.
Our firm has been serving our clients tax needs for many years, providing assistance and complying with all tax laws with the BIR for the following:
1. Income and Profit Taxes
2. Value Added Tax (VAT)
3. Business Levy
4. Green Fund Levy
5. PAYE
6. Corporation Tax
7. And more.......
Our staff is highly trained and experienced with BIR.
Schedule an appointment or consultation with us today.