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Formal Consolidation | 1997 RevEd
Penalty
13.—(1) Subject to subsection (2), if any cess is not accounted for and paid within the time prescribed by the Board, a sum equal to 5% of the amount of cess payable whether estimated or not shall be added thereto, and the provisions of this Act relating to the collection and recovery of cess shall apply to the collection and recovery of that sum.
(2) The Board may, for any good cause shown, reduce or remit the whole or part of the penalty due under subsection (1).
Informal Consolidation | Amended Act 15 of 2010
Penalty
13.—(1) Subject to subsection (1A), if any cess is not accounted for and paid within the time prescribed by the Board —
(a)
a penalty equal to 5% of the amount of cess payable whether estimated or not shall be added thereto; and
(b)
if the amount of cess outstanding is not paid within 60 days of the imposition of the penalty as provided by paragraph (a), an additional penalty of 2% of the cess outstanding shall be payable for each completed month that the cess remains unpaid commencing from the date on which the cess became payable, except that the total additional penalty shall not exceed 50% of the amount of cess outstanding.
[16/2008 wef 19/09/2008]
(1A) The provisions of this Act relating to the collection and recovery of cess shall apply to the collection and recovery of the penalty and additional penalty.
[16/2008 wef 19/09/2008]
(2) The Board may, for any good cause shown, reduce or remit the whole or part of the penalty due under subsection (1).