If Peter pays tax by cheque or mixed payments (e.g. cash and EPS), the  letter of release will normally be sent by post 10 days after the receipt of cheque. 8. Even if Peter is exempt from tax, the IRD will still issue a letter of release upon completion of the tax clearance procedures. 9. If Peter fails to pay up his taxes, the IRD will issue a garnishee notice (IR113) to Company Z requiring the company to settle Peter's taxes from the money withheld.
Transit-oriented development. In urban planning, a transit-oriented development (TOD) is a type of urban development that maximizes the amount of residential, business and leisure space within walking distance of public transport.
Transfer on Death. Dealing with a death in the family is an emotionally draining and challenging time, but having to struggle with assets that are held up in probate can unnecessarily add to the burden. To help make sure your dependents receive their inheritance according to your wishes, you may want to consider a Transfer on Death Agreement (TOD). A TOD helps to avoid the delays and potential costs that could occur with the probate process, and allows you control to help manage your estate by allowing the assets in your account to transfer directly to your beneficiaries at the time of your death. For more details about TOD agreements, refer to the PDF below.