Section 124: Penalty for late payment of duty, levy and tax

124. Penalty for late payment of duty, levy and tax (1) Where a person fails to pay any duty and tax due on or before the last day on which it is payable under section 115, 119 or 123, he shall be liable to pay to the Director-General, in addition to the duty, levy and tax and any penalty under sections 116, 117 and 120, a penalty of 5 per cent of the amount of the duty and tax. (2) A penalty under subsection (1) shall apply to the tax, excluding any penalty under sections 116, 117 and 120 and any interest under section 125. (S. 124 came into operation on 6 December 2007.) [S.124 amended by s. 21 (o) of Act 9 of 2015 w.e.f. 14 May 2015; s. 25 (za) of Act 18 of 2016 w.e.f. 1 October 2016.] [Issue 9] G2 – 62 Revised Laws of Mauritius