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Penalties
                       
Failure to correctly account or return any of the taxes above or in our other pages can result in severe penalties from the IRD.
While there has always been penalties for incorrect returns, failure to return or deliberate tax evasion, the IRD since the 1st of April 1997 has imposed a highly rigid penalty regime that sees fines and penalties imposed for late filing of returns and increased levels of penalty tax. 
This rigid stance has been applied even to cases where the taxpayer has found the error and owned up prior to the IRD finding the error and in fact in some situations where the IRD would never have know without the taxpayer letting them know. 
The DSA recommends being very careful when filing your returns and filing by the due dates.
                       
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