Section 101: Penalty for late payment of tax by employer

101. Penalty for late payment of tax by employer (1) Where an employer fails to pay the amount of tax required to be withheld under this Sub-part on or before the last day on which it is payable under section 100, he shall be liable to pay to the Director-General, in addition to the tax, a penalty of 10 per cent of the amount of the tax remaining unpaid. (2) The penalty under subsection (1) shall apply to the tax excluding any interest under section 122D. [S. 101 repealed and replaced by s. 18 (zd) of Act 15 of 2006 w.e.f. 1 July 2006 in respect of the income year commencing on 1 July 2006 and in respect of every subsequent income year; amended by s. 27 (k) of Act 18 of 2016 w.e.f. 7 September 2016.]