Sun | May 28, 2017

Deadline for self-employed to file Income tax returns

Published:Monday | December 15, 2014 | 12:26 AM

Today is the deadline for companies and self-employed persons to pay their fourth quarter estimated income tax for 2014.



Under the Income Tax Act, taxpayers are required to calculate their estimated income and the applicable tax for each year, and pay the amount to the Collector of Taxes.



The payment is to be done in four quarterly instalments by March 15, June 15, September 15 and December 15 of each year.



Tax Administration says persons may pay their taxes by using the online option.



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