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Income Tax Problems


Maricruz
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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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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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As I know, you could easily ask for the T-9 form from your employer, and everything must be fine. In case you are unemployed, well I cannot help you with anything. Actually, I consider all these things with inquiries, regarding the source of the money, being quite... either useless, or they are just against our rights, at some point. I mean, what is your freaking problem about where I got this money from? I am paying the taxes so just leave me alone. Ohhh, and all those taxes. That is just so annoying to complete all those forms. Recently my wife had to complete a W-9 form. Well, it made her sick. She got no idea how to complete it. We had to find the example of it on https://pdfliner.com/form_w_9 in order to complete it right. There are just sooooo many taxes, that is insane actually.

Edited by StewartMorrisonv
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