Penalties and Interest

A taxpayer who fails to comply with the provisions of law determining and establishing consumption tax on Some imported and locally manufactured products shall be liable to a fine.

Any taxpayer who fails to remit the tax due within the prescribed a period is liable to a fine of five hundred ( 500) penalty units together with a late payment penalty of ten per cent (10%).

Any late declaration of zero (0) tariff shall cause the taxpayer be liable to a fine not exceeding five hundred (500) penalty units.

Without prejudice to the existing laws, any person who makes fraudulent declaration, furnishes fraudulent document or misinformation, or makes fraudulent written report or any other act commits an offence and shall be liable to a fine not exceeding five thousand (5000) penalty units.