Revenue Administration in Sub-Saharan Africa - International Tax ...

CountryMalawiMauritiusRwandaSierraLeoneFailure to correctly report tax liabilityPIT CIT VATInterest chargesAdministrative Interest AdministrativeInterest Administrativepenaltiescharges penaltiescharges penaltiesn.a.100% of undeclared10 times the correct taxn.a. 100% of undeclared tax n.a.taxliability1% per monthup to 50% of taxup to 50% of taxup to 50% of tax1% per monthn.a.assessedassessedassessed0.83% of the amount of tax10% of the amount of10% of the amount of10% of the amount ofthe understatement ifthe understatement ifthe understatement ifthe understatement isthe understatement isthe understatement isequal to or more than 0.83% of the0.83% of theequal to or more thanequal to or more than5% but less than 20% amount of taxamount of tax5% but less than 20% of5% but less than 20% ofof the tax liabilitythe tax liability taxpayerthe tax liability taxpayertaxpayer ought toought to have paidought to have paidhave paidTreasury bearer bondinterest rate plus 3% of theamount to be paidn.a.Treasurebearer bondinterest rateplus 3% of theamount to bepaidn.a.Treasurybearer bondinterest rateplus 3% of theamount to bepaidSenegal n.a. n.a. n.a. n.a. n.a. n.a.PrescribedPrescribedrate in termsrate in termsPrescribed rate in terms ofSouth0% to 200% of tax on of Public 0% to 200% of tax on of PublicPublic FinanceAfricaunderstatement Finance understatementFinanceManagement Act.ManagementManagementAct.Act.TanzaniaThe statutory ratecompounded monthlyTax in amountexceeding TShs500,000, a fine of notless than TShs100,000and not more thanTShs 500,000, and inany other case, a fineof not less thanTShs25,000 and notmore than TShs100,000Statutory ratecompoundedmonthlyTax in amountexceeding TShs 500,000,a fine of not less thanTShs100,000 and notmore than TShs 500,000,and in any other case, afine of not less thanTShs25,000 and notmore than TShs 100,000Commercialbank lendingrate of thecentral bankplus 5% perannumn.a.10% of unpaid taxFraud – 200%of theamount of tax involvedor TShs 2 million,whichever amount isgreater, orimprisonment tor a termof two years or to bothUganda n.a. 200% of the amount n.a. 200% of the amount n.a. 200% of the amount92