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A sharp increase in tax debt is likely to reflect the pressure businesses are under, commentators say.

Data from Inland Revenue shows that in March, there was total tax debt of $6.731 billion. That’s up from $4.833b a year ago.

Of that, $2.55b was overdue GST and $1.35b “employer activities”, such as paying PAYE.

Both had lifted significantly – 68 percent for employer activities over the past two years and 50 percent for GST.

Shamubeel Eaqub
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