INCOME TAX ASSESSMENT ACT 1997 - SECT 197.75 General interest charge for late payment of untainting tax
INCOME TAX ASSESSMENT ACT 1997 - SECT 197.75
General interest charge for late payment of untainting taxIf any of the * untainting tax that a company is liable to pay remains unpaid 60 days after the day by which it is due to be paid, the company is liable to pay the * general interest charge on the unpaid amount for each day in the period that:
(a) started at the beginning of the 60th day after the day by which the untainting tax was due to be paid; and
(b) ends at the end of the last day on which, at the end of the day, any of the following remains unpaid:
(i) the untainting tax;
(ii) general interest charge on any of the untainting tax.