209 tal-2017

L.N. 209 of 2017

VALUE ADDED TAX ACT

(CAP. 406)

Remission of Interest and Administrative Penalties (Amendment)

Rules, 2017

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 and

Administrative Penalties (Amendment) Rules, 2017, and these rules

shall be read and construed as one with the Remission of Interest and

Administrative Penalties Rules, hereinafter referred to as "the principal

Rule 2 of the principal rules shall be substituted by the

following

"2. (1) The Commissioner may, at his discretion,

remit wholly or in part, any interest incurred and any

administrative penalty incurred under any of the provisions

of the Value Added Tax Act, the Customs and Excise Tax

Act and the Value Added Tax Act, 1994

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.

(2) In these rules "Acts" means the Value Added

Tax Act, the Customs and Excise Tax Act and the Value

Added Tax Act, 1994 and any other terms and expressions

used in these rules shall have the meaning assigned to them

in the Acts.".

In rule 4 of the principal rules, for the words "article 21(4)

of the Act" there shall be substituted the words "the Acts".

€0.09