On 28 September 2026, the IRD issued a reminder that the final income tax payment for the Year of Assessment (Y/A) 2025/2026 is due on 30 September 2026. This notice applies to all taxpayers, including individuals, partnerships, and corporations, who have a tax liability after accounting for advance payments and withholding taxes. The IRD emphasizes that timely payment avoids the imposition of interest under Section 113 and penalties under Section 114 of the Inland Revenue Act.
Key Takeaways
- Due Date Fixed: The final payment deadline is 30 September 2026, with no extension announced.
- Payment Channels: Taxpayers can pay via the IRD e-Services portal, authorized banks, or through the online payment gateway using OTP verification.
- Interest and Penalties: Late payment incurs interest at the prescribed rate and a penalty of up to 10% of the unpaid tax.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement