There are also new changes to tax law in 2018. We would like to inform you about some of these changes.
- Receipts no longer need to be submitted .
This is a significant relief, as many receipts accumulate over the year. While it is still necessary to retain the receipts and provide them upon request for verification purposes, this will not be necessary in most cases. - Late payment penalties are threatening more quickly
If the tax return is not submitted on time, in future, apart from the discretion of the processor, only failure to meet the submission deadline will apply.
Do you have any questions about these or other regulations? Contact us; we’ll be happy to answer your questions.
