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Waiver of Interest

id : 28   cat : Tax Offences   
On the TPA Act, is it true that there's no more waiver of interest application because the reduction to 1% is a fair deal to the tax payers?
Asked by : Lynette Odongo
 DOQ : 2016-04-27 21:00:00
   Lynette Odongo

Answer

TPA2015 s.89(6) allows remission of penalties. It is silent about interest. VAT Act 2013 s21(3)allows remission of interest. However this provision was deleted by the TPA.
Answered by : John Muiruri
 DOA : 2016-04-28
   John Muiruri

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