IRB offering flexibility to cushion pandemic blow

The Inland Revenue Board (IRB) is offering some flexibility in terms of arrears and penalties for taxpayers whose income has been affected by the Covid-19 pandemic and the implementation of the total lockdown.

The IRB said the flexibility offered was deferment of payment of penalties related to their tax obligations to 2022, provided taxpayers continue to comply with the payment of the principal amount of tax payable.

The penalties enshrined in...