Baqir Hussain

It's a direct impact.

on the disposable income you then have in your pocket.

And so I think personally what was done in 2024 was really good.

It just stopped again the last couple of years for whatever reason.

And I hope it's not another 14 years till we get another adjustment of the income tax thresholds.

Absolutely.

At the very least, what's still unfortunately lacking from what I see personally is even the general awareness of how tax works.

The fact that there are two separate set of rules, one for individuals, one for businesses.

And if that confusion and if even if that distinction is made more clear to a lot of people, a lot of the questions will get answered.

And because there's a lot of it is just myth out there and there's a lot of it is confusion, which need not be there.

I think the one thing that I would suggest is do not ignore the IRD.

If you've received a letter from them or correspondence, do not leave it unopened.

And while it's understandable that there could be reasons of whether it's anxiety, whether it's procrastination, whether it's the fear of the IRD, but ignoring it will not make the problem go away.

Try your best to talk to someone, reach out to the IRD, but do read the letter and act upon it because a lot of the tax issues or the tax problems or the tax debt, they're not related to tax at all.

It's more of ignoring the problem.

Once you talk to them, things get sorted out.

Absolutely.

And thank you for sharing that example from your own personal situation.

I have a similar example where

I got a call from a debt collector and from the IRD.