MT
75 tal-2015 - Regoli tal-2015 li jemendaw ir-Regoli dwar Maħfra ta’ Imgħax
Table of Provisions (7)
Statutory Text (7 Articles)
L.N. 75 of 2015
VALUE ADDED TAX ACT
(CAP. 406)
Remission of Interest (Amendment) Rules, 2015
BY VIRTUE of the powers conferred by articles 21, 42 and 75
of the Value Added Tax Act, the Minister for Finance has made the
following rules:-
The title of these rules is the Remission of Interest Citation.
(Amendment) Rules, 2015, and these rules shall be read and
construed as one with the Remission of Interest Rules, hereinafter S.L. 406.20
referred to as "the principal rules".
In the title of the principal rules, immediately after the Amends the title
words "Remission of Interest" there shall be added the words "and of
Administrative Penalties".
In rule 1 of the principal rules, for the words "Remission of Amends rule 1
Interest Rules" there shall be substituted the words "Remission of of
Interest and Administrative Penalties Rules".
Rule 2 of the principal rules shall be substituted by the Substitutes rule
following
"2. The Commissioner may, at his
discretion remit wholly or in part
(a)
any interest incurred under the
provisions of article 21(4) of the Value
Added Tax Act; and
(b) any
administrative
penalty
incurred under any of the provisions of
articles 37 to 41 of the Value Added Tax Act
Provided that the Commissioner may
only remit such interest or administrative penalty if
he is satisfied that the tax due was not paid within
the prescribed period due to a reasonable excuse,
sohowever that reliance placed on any other person
to perform any task shall not constitute a
reasonable excuse.".
In sub-rule (2) of rule 3 of the principal rules, for the words Amends rule 3
"any remission of interest granted" there shall be substituted the of
words "any remission of interest or administrative penalty granted".
In rule 6 of the principal rules, for the words "in respect of
Amends rule 6
of the principal
interest already paid" there shall be substituted the words "in respect
rules.
of interest or administrative penalty already paid".
€0.18