According to MIRA, pursuant to the authorisation given to the Commissioner General of Taxation under Section 75 of Tax Administration Act (TAA), it has been decided not to impose any penalties for the newly implemented taxes until the following dates.
- Withholding Tax (WHT) charged under Business Profit Tax Act:- 15 Feb 2Ol2
- Interim Payment of BPT which is to be paid by 3l Jan 2Ol2: 29 Feb 2012
- Goods and Service Tax (GST):- 28 Feb 2Ol2
It should be noted that, any outstanding tax dues not paid before the dates mentioned above, will be subject to penalties from the initial default date until all dues are settled. The same rule will be applicable with respect to filing of Tax Returns.
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