IRD has recently introduced a new computerissed taxpayer account system to better manage and monitor taxpayer's payment obligations.

You will notice a number of key changes:

• IRD receipts will now be computer generated
• Some taxpayers who did not previously have to register with IRD  ( stamp duty and withholding tax payers) will now have to register and obtain a Taxpayer Identification Number
• Late Filing Penalties and Late Payment Penalties will now be imposed automatically when a taxpayer fails to meet their obligations.

 For more information on the different penalties that apply please refer to our penalties brochure