REVISED DEADLINE FOR REDETERMINATION OF ADMINISTRATIVE PENALITIES

Cabinet Decision No.108 of 2021 is issued amending the due date to meet the requirements for re determination of the administrative penalties.

The previous deadline was 31st December 2021 and now it is extended to 31st December 2022.

The Authority shall redetermine the administrative penalties charged on or before 28th June 2021 in accordance with the Cabinet decision No. 40 of 2017 and which has not been settled  as on such date, to 30 % of such unsettled penalties where the following conditions are met: 

  • The Registrant settles 30 % of penalties not later than 31st December 2022.
  • The registrant settles tax in full on or before 31st December 2022