Sales Tax Act 1972 (Act 64)
PART VIII - COLLECTION, RECOVERY, DRAWBACK, REFUND AND REMISSION



Section 24. Penalty for late payment.


Where any amount of sales tax remains unpaid after the last day on which it was payable under section 22 (2)-

    (a) a penalty equal to ten per cent of such unpaid amount shall thereupon be payable;

    (b) if the sales tax due and payable remains unpaid for more than thirty days after the last day on which it was so payable the rate of penalty under paragraph (a) on such unpaid sales tax shall be increased by ten per cent for the second period of thirty days after such last day and for every succeeding period of thirty days or part thereof during which such amount remains unpaid to a maximum of fifty per cent.
[Subs. Act A1058:s.9]

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