The Inland Revenue Department (IRD) has allocated $29 million to recruit 200 extra staff for compliance in this year’s budget. Areas of focus:
- Hidden Economy
- Retail Sector:
- Trust Compliance
- Cryptocurrency and Electronic Sales Suppression Tools
- Construction / Property development
To avoid unpredictable audit costs, I strongly suggest risky clients purchase IRD audit insurance, Annual insurance premium from $86 to $802. If you are interested, please pay attention to our reminder emails.
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