Centrix says there is no way to know how much tax debt a business is carrying. File photo.
Photo: 123rf

Businesses and consumers are being warned to beware when lending or advancing payments to businesses, with many thousands of businesses carrying undisclosed tax debts.

Inland Revenue (IRD) says it had abandoned its softer approach to collecting overdue tax from businesses during the Covid-19 pandemic and planned to take stronger action against debtors, including enforcementand…