The Minister Issues new Tax Regulations in respect of Tax Administration

Tax Administration (Remission of Interests and Penalties) Regulations, 2020 have been revoked to align with the changes made in the Finance Act of 2021, whereby  section 70 of the Tax Administration Act, Cap 438 was revised to give power to the Commissioner to remit  penalties and interest upon satisfaction of the reasons(good cause)  by the taxpayer.

Share on whatsapp
Share on linkedin
Share on twitter
Share on facebook