Tag Archives: Tax Act Update

The Tax Penalty and Interest Waiver Act 2021 (Act 1065)

On 31 March 2021, Parliament passed the Penalty and Interest Waiver Act 2021 (Act 1065) into law. Before this, the tax laws gave the Commissioner the power to waive or remit penalties. It was not clear if this provision covered interests on outstanding taxes as well. The Penalty and Interest Waiver Act 2021 has extended […]