Section 65
of Petroleum (Income Tax) Act 1967
ActIn forceProvision 81 of 124
Section 65
(1)
The tax paid or payable by any chargeable person may be remitted wholly or in part by the Minister on grounds of justice and equity, and any tax so remitted shall not be regarded as tax payable for the purposes of any other provision of this Act.
(2)
Where a chargeable person granted remission under subsection (1) has paid any of the tax to which the remission relates, he shall be entitled to have the amount which he has paid refunded to him as if it were an overpayment to which section 50 applies.