PriceWaterhouseCoopers Tax Alert: IRC penalty regime
As the IRC continues to transition to its new SIGTAS platform they have advised that they will commence strict enforcement of the existing penalty rules for late payment of tax and late lodgement of returns and other documents. The IRC have acknowledged that penalty rules have not been properly applied in the past but their new system will automatically issue penalties for late payment and late lodgement. This means that taxpayers will need to put