Taxation

We recognize the important role Tax Agents play in our tax system. Rainest will prepare your year end financial statements and tax returns at an affordable cost. We will maximize on tax savings and where necessary, due to the complexity of our tax system,  seek the professional assistance of tax consultants.

We will go out of our way to ensure you remain tax compliant at all times as we value our partnership with you.

Running your business as a company, partnership or trust will require you to file tax returns annually. However if employed and receive no other income, filing of tax returns is not necessary, but can be undertaken should you have children at school under 19 years of age.

It is important to remember if you appoint a Tax Agent, usually an "extension of time" will be granted to file your tax return. Taxation is payable on your Company's net profit. Where applicable, businesses and individuals may need to pay provisional tax in three installments. Upon the filing of your tax return, you will have to pay or you may receive the difference between provisional tax payments made and the final result. Regarding individuals, we try to encourage the use of the PAYE system rather than paying provisional tax.

Should you require further information on provisional tax, please contact us or you can browse to our Links page and select the "IRD paying provisional tax" link under the Useful Articles heading.