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WHAT IS TAX AMNESTY
Where a taxpayer is required to pay interest on a principal tax debt in accordance with sections 97 and 101 of the Act, the Minister shall in accordance with these Regulations and pursuant to Section 112 (1) of the Act, grant tax amnesty from the payment of interest charged on an unpaid principal tax debt. In short, tax amnesty means a limited-time opportunity for taxpayers to pay the principal tax debt in exchange for the forgiveness of interest and penalties.
The tax amnesty shall cover tax liabilities for all tax years prior to and including the tax year 2020/2021. That is, all prior years’ tax liabilities up to 30 June 2021.
The tax amnesty shall become available from 1st July 2021 to 31 December 2021.
PERSONS ELIGIBLE FOR TAX AMNESTY:
A person shall be eligible for tax amnesty where the person:-