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Section 53F: Late payment of levy

Value Added Tax Act · PART XA: SOLIDARITY LEVY

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

53F. Late payment of levy Where the operator fails to pay the levy on or before the last day on which it is payable under section 53C, he shall be liable to pay to the Director-General, in addition to the levy— (a) a penalty of 5 per cent of the levy; and (b) interest on the levy, excluding the penalty under paragraph (a), at the rate of 0.5 per cent per month or part of the month during which the levy remains unpaid. [S. 53F amended by s. 53 (n) of Act 9 of 2015 w.e.f. 14 May 2015.]

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