adminAs communicated in the Commissioner General’s Public Notice No. 10 of 2013, the Statutory Instrument 97 of 2013 on Civil Penalty for Late Submission of Returns, Regulations, 2013 came into effect on 28 June 2013. Penalties are being levied for any previous returns that remain outstanding after 28 June 2013 and any returns not submitted by the due date thereafter.
PENALTY CHARGEABLE
The penalty, which is with effect from 28 June 2013, is being levied at not more than thirty United States dollars(US$30) for each day the return remains outstanding up to the 181st day from the first day when such return became due. (See tables below)
Where a return remains outstanding after 181 days, prosecution may be instituted in addition to the payment of any penalty levied.
SPECIFIED RETURNS FOR WHICH THE STATUTORY INSTRUMENT APPLIES
These provisions apply to returns required in terms of the following Tax Administration Acts:
The Income Tax Act [Chapter 23:06]
The Capital Gains Tax Act [Chapter 23:01]
The Value Added Tax Act [Chapter 23:12]
The table below specifies the required returns. (See table below left)
Reminder for Payments
Our valued clients are hereby reminded that the employees tax (PAYE) for the month of December 2013 is due on or before the 10th of January 2014
Lastly we urge our clients to always pay taxes due on prescribed dates to avoid penalties and interest chargeable for failure to comply.
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