CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
*Effective 1 st January 1999
(2) The time limited by subsection (1) for commencing proceedings for the recovery
of any fine or penalty from any person in connection with or in
relation to any tax covered by any assessment shall, where any form of
fraud or willful default has been committed by him or on his behalf in connection
with or in relation to that tax, be extended so as to authorise the
commencement of such proceedings at any time within three years from
the final determination of the amount of tax covered by the assessment.
(3) For the purposes of subsection (2) the amount of the tax covered by
any assessment shall not be deemed to be finally determined until that
assessment can no longer be varied or revised, whether by the Board of
Inland Revenue or by the Appeal Board or by the order of any Court.
(4) Nothing in subsection (2) shall extend the time for the bringing of any
proceedings against the personal representatives of any person by whom
or on whose behalf any form of fraud or willful default has been
committed.
123. The provisions of this Act shall not affect any criminal proceedings under
any other written law.
Saving for criminal proceedings
124. The President may remit or refund the whole or any part of the tax
payable or paid, as the case may be, by any person if he is satisfied that it
would be just and equitable to do so.
President may remit tax
125. (1) The President may make regulations generally for carrying out the
provisions of this Act or of any other Act which confers on the Board
powers to administer any tax on income or profits similar to those
conferred in this Act and may, in particular, by those regulations provide - Regulations
Act No.11 of 1988
(a) for the collection, recovery and refund of tax in respect of
emoluments and with respect to any matter for which by any
provision of this Act regulations may be made under this section;
(b) for the payment of tax by monthly or other installments;
(c) for any such matters as are authorised by this Act to be prescribed;
and
BIR Mac Edition 91/01 Page 132