No more abandonment in cases of unpaid tax, interests/penalties
Taxpayers must stay aware that following the enactment of Finance Act 2023, effected 1st July 2023, the Commissioner can no longer recommend waiver for penalties and interests or abandonment of tax on the basis of difficulty in recovering the tax, hardship, equity.
Implication
The implication of the amendment is that the Authority will take all necessary measures to recover tax, penalty and interest owed.
Could be described as an aggressive tax collection/recovery regime going forward.