The deadline for the Tax Amnesty granted under the Finance Act 2021, has been extended from 17 September 2021 to 01 October 2021.
The Tax Amnesty provides for the waiver of certain liabilities where the tax or duty in question is settled, or the return is filed during the prescribed period, i.e. the period commencing on 5 July 2021 and ending 01 October 2021.
Where a tax, duty or return remains outstanding after the end of the prescribed period, the interest and penalty which would have been payable on the outstanding tax, duty or return will be reinstated and become payable as if the waiver was not granted.
Taxes covered
The amnesty applies to the following taxes and duties and applicable returns:
Income Tax
Health Surcharge
Corporation Tax
Withholding Tax
Business Levy
Green Fund Levy
Petroleum Profits Tax
Supplemental Petroleum Tax
Value Added Tax
Property Tax
Stamp Duty
Tax amnesty extended to 1 October 2021