Glossary · Taxes

What is Tax arrears?

Also known as: overdue tax

A tax amount not paid by the set deadline. Late payment interest (penya) is charged on overdue tax, so paying off the debt sooner costs less.

See also

More terms: Taxes

Corporate profit tax Corporate profit tax expense Deferral or instalment payment of tax Deferred liability for taxes and levies Desk tax audit Direct tax Due diligence Electronic digital signature