Except as provided in subsection (2), tax payable under an assessment for a Financial Year shall be due and payable on the due date whether or not that Constituent Entity appeals against the assessment.
Where an assessment or additional assessment has been made under section 213, the tax or additional tax payable under the assessment shall be due and payable on the day the amended return is furnished whether or not that
Constituent Entity appeals against the assessment or additional assessment.
Constituent Entity
“Constituent Entity” means— (a) any Entity that is included in a Group; or (b) any Permanent Establishment of a Main Entity that is within paragraph (a) and which is treated as separate from the Main Entity and any other Permanent Establishment of that Main Entity, but does not include an Excluded Entity;
Where an assessment is made under subsection 211(3), section 212 or 217, or where an assessment is increased under subsection 101(2), the tax payable under the assessment or increased assessment shall, on the service of the notice of assessment or composite assessment or increased assessment, as the case may be, be due and payable on the Constituent Entity assessed at the place specified in that notice whether or not that Constituent Entity appeals against the assessment or increased assessment.
Where any tax due and payable under subsection (1)
has not been paid by the due date, so much of the tax as is unpaid upon the expiration of that date shall without any further notice being served be increased by a sum equal to ten per cent of the tax so unpaid, and that sum shall be recoverable as if it were tax due and payable under this Part.
Subject to subsection (7), where any tax due and payable under subsection (3) has not been paid within thirty days after the service of the notice, so much of the tax as is unpaid upon the expiration of that period shall without any further notice being served be increased by a sum equal to ten per cent of the tax so unpaid, and that sum shall be recoverable as if it were tax due and payable under this Part.
Where any tax is payable in accordance with subsection (1) or (3), the Director General may allow the tax to be paid by instalments in such amounts and on such dates as he may determine and in the event of default in payment of any one instalment on the date specified for payment the balance of the tax then outstanding shall be due and payable on that date and shall without any further notice being served be increased by a sum equal to ten per cent of that balance, and that sum shall be recoverable as if it were tax due and payable under this Part.
Notwithstanding the foregoing subsections, where tax due and payable is increased by a sum under subsection (4),
or (6), the Director General may in his discretion for any good cause shown remit the whole or any part of that sum and, where the amount remitted has been paid, the
Director General shall repay that amount.
For the purposes of this section, “due date” means the last day of the fifteenth month from the close of the
Reporting Financial Year.
Reporting Financial Year
“Reporting Financial Year” means the Financial Year that is the subject of the information return or the Top-up Tax return;
Domestic Top-up Tax or Multinational Top-up Tax payable notwithstanding institution of proceedings under any other written law
Domestic Top-up Tax
“Domestic Top-up Tax” means tax as provided under section 159;