The IA tax arrears option is a settlement scheme offered by Inland Revenue Services to taxpayers who are not able to pay in full any tax owed on the due date.
They can request to the Commissioner (CEO), by liaising directly with our ‘Collection and Enforcement Division’ to utilize the IA option to pay off these taxes within certain time frames approved under this option (i.e. 1 to 4 years), depending on the amount owed.
Before signing an IA form, a down payment of 30% should be made. Please contact our Collection & Enforcement Division directly for more information on this settlement option.
Once an IA is signed, all penalties will be put on hold until full settlement of tax arrears. However, once IA payments are defaulted, all penalties held from the date IA was signed will be reinstated any payable in full.