Section 27: Penalty for late payment of tax

27. Penalty for late payment of tax (1) Subject to subsection (3), where a taxable person fails to pay any tax due on or before the last day on which it is payable under section 21 (7), 22, 23, 37, 39 or 66 (4) or 67, he shall be liable to pay to the Director-General, in addition to the tax and any penalty under sections 15A, 24 (9), 26 (1), 26A and 37A, a penalty of 10 per cent of the tax. (2) The penalty under subsection (1) shall apply to the tax excluding any penalty under section 15A, 24 (9), 26 (1), 26A and 37A and any interest under section 27A. (3) Where the person referred to in subsection (1) is a small enterprise and it fails to pay any tax due on or before the last day on which it is payable under section 21 (7), 22, 23, 27E (3) and (10), 37, 39 or 67, the penalty shall be 2 per cent of the tax. (4) The penalty under subsection (3) shall apply to the tax excluding any penalty under section 15A, 24 (9), 26 (2), 26A or 37A and any interest under section 27A. [S. 27 amended by s. 31 (j) of Act 15 of 2006 w.e.f. 1 October 2006; s. 53 (g) of Act 9 of 2015 w.e.f. 14 May 2015; s. 58 (e) of Act 18 of 2016 w.e.f. 1 October 2016; s. 57 (e) of Act 10 of 2017 w.e.f. 24 July 2017.]