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Maricruz

Income Tax Problems

Question

Hi guys. 

This is an unusual question but here goes. Has anyone had issues with the Inland Revenue after buying a vehicle (approx 3 mil) with cash? Anyone having faced inquires with regards to source of money, etc? Appreciate any insight with regards to this. 

Thanks in advance!

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If you are employed, ask your employer to give you a T-10 certificate. Send a copy (not the original) with the letter or forms you got from Inland Revenue. You will never hear from them again.

Edited by Crosswind
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21 minutes ago, Maricruz said:

Hi guys. 

This is an unusual question but here goes. Has anyone had issues with the Inland Revenue after buying a vehicle (approx 3 mil) with cash? Anyone having faced inquires with regards to source of money, etc? Appreciate any insight with regards to this. 

Thanks in advance!

I don't have personal experience in this regard. But yes, one of my friends mentioned about a letter (or a summon) from IRD. Once you submit a letter with your salary slip, an acknowledgement receipt will be issued to you and it'll all be fine he said. The rumor is everyone who imported vehicles since 2015 are summoned. (don't know for sure as I didn't get such letter yet. :D)

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1 hour ago, amsandun said:

I don't have personal experience in this regard. But yes, one of my friends mentioned about a letter (or a summon) from IRD. Once you submit a letter with your salary slip, an acknowledgement receipt will be issued to you and it'll all be fine he said. The rumor is everyone who imported vehicles since 2015 are summoned. (don't know for sure as I didn't get such letter yet. :D)

Funny thing is even if they want to summon me I am no longer at the same address which was used in all import documents and vehicle registration.

 

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Thanks guys. I'm employed overseas actually. Registration will be done on my fathers name. Let's see what happens. 

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Hi Guys, I have also got this letter a couple of days ago. Any advice regarding this is highly appreciated. I'm technically employeed overseas but staying here. 

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3 hours ago, amsandun said:

don't know for sure as I didn't get such letter yet. :D

Don't worry. Tomorrow you will get a letter......😃

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