Penalties and interest

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Penalties and interest

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Penalties and interest

Form Number: IR240 / Form Code: IR240

About this Guide

As a taxpayer you are expected to meet certain standards when managing your tax affairs. There are penalties for not meeting the legal standards. This guide tell you what your obligations are and the current penalty and interest rules that may apply when obligations are not met.

When to use this guide

If you are a business person or a person  with business interests, learn here how to fulfil  your legal obligations as taxpayers. Learn about what the current penalty and interest rules are that may apply where obligations are not met.

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