The Tax Procedures Code (Amendment) Bill 2023 has a number of provisions that attempt to correct the complications and injustices related to the waiver of penalties and interest that has been enacted since 2017. The proposed amendment to Section 39 of the Principal Act reads; “(4) For the avoidance of doubt interest due and payable under the tax law as at 1st July 2017 exceeds the aggregate of the principal tax and penal tax the interest in excess of the aggregate is waived” There are three issues with this proposal; The words ‘for the avoidance of doubt’ have been used in…
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