How Is Tax Calculated For The Self Employed?

When you decide to file your income tax returns and if you are self employed, you have to get an income returns form from the Inland Revenue service. If the returns are filed within the said deadline of the 30th of September the Inland Revenue service can be requested to calculate your tax liability based on the figures provided by you or you may avail of a guide booklet that is provided by the Inland Revenue along with the tax return to calculate your tax liability yourself. This is the tax calculation guide.

Generally the Inland Revenue service provides tax payers with a tax return after the 5th of April of every year. In case of new assesses or those who fail to receive the tax return it is necessary to notify the Inland Revenue regarding the same.