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Key Tax Obligations

All our customers should register with FRCS for the following reasons:

  • Starting a new job.
  • Starting a new business.
  • Opening up a bank account.
  • Engaging in any purchase or sale of a capital asset.
  • If you are a director, partner, shareholder, trustee, beneficiary or have legal rights in an entity.

Refer TIN Requirements for more information. 

 

Other Common Registration Types:

  • Value Added Tax (VAT)
  • Fringe Benefits Tax (FBT)
  • Provisional Tax (PT)
  • Pay As You Earn (PAYE)

Click here to login to TPOS.
Refer Sign Up as a New Taxpayer to register a new TIN.
Refer Sign Up as an Existing Taxpayer for existing taxpayers.  
Refer TPOS FAQs for the frequently asked questions.

Filing tax returns on time is important because it helps individuals avoid penalties and interest charges, claim refunds more quickly, meet important deadlines for other financial matters, avoid audits by the FRCS, and gives individuals peace of mind that they have fulfilled their obligations as a taxpayer.

Refer Filing Obligations for the relevant due dates.  

The accuracy of tax returns is of utmost importance for several reasons. First, accurate tax returns help to avoid potential audits, investigations, and penalties by the tax authorities. If errors or discrepancies are discovered in a tax return, it can lead to additional taxes, fines, and legal issues. Second, accurate tax returns help to ensure that taxpayers pay the correct amount of tax owed, based on their income, expenses, and deductions. This contributes to the fairness and integrity of the tax system. Third, accurate tax returns help to establish a good relationship between taxpayers and tax authorities, which can be beneficial for future transactions and communication. Finally, accuracy in tax returns is important to maintain trust and credibility in the tax system, which is essential for the proper functioning of government services and infrastructure that benefit society as a whole.

Paying taxes and customs duties on time is crucial for individuals and businesses to fulfill their legal obligations, avoid penalties and interest charges, maintain good relationships with tax and customs authorities, and ensure that goods are released from customs in a timely manner. Timely payment of taxes and customs duties also contributes to the functioning of government services and infrastructure, such as healthcare, education, and transportation, which benefit individuals and businesses alike. Ultimately, paying taxes and customs duties on time is a responsible and necessary part of being a good citizen and contributing to the growth and prosperity of society.

There are due dates provided on all assessments and customers should pay these taxes on time. Paying taxes on time is a priority as it affects the quality of service provided to all citizens. Please consult our office if you have any issues on the assessment due dates. You can also engage into a Time to Pay Arrangement to clear your debt. 

 

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