| a) |
liable for the payment of any normal tax due in respect of any year of assessment which ended on or before 28 February 1994; |
| b) |
liable for the payment of any interest due in terms of the Income Tax Act, 1962 (Act No. 58 of 1962), in respect of the late payment or underpayment of any normal tax referred to in section 2(2)(a)(i), in so far as such interest is due in respect of a period ending not later than the last day of the relief period; |
| c) |
liable for any penalty or additional tax in terms of the said Act, in respect of the non-payment or late payment of any normal tax referred to in paragraph (a) or (b); and |
| d) |
subject to criminal prosecution for offences committed in relation to any normal tax referred to in paragraph (a) or (b). |
| 2) |
Subject to section 9, any person contemplated in paragraph (c) of the definition of qualifying taxpayer" in section 1 who is in terms of section 3(a) deemed to have applied for relief, shall, in respect of any normal tax which has become payable as a result of the disclosure, as contemplated in that paragraph, of full and true details of any income, deduction or allowance, not be liable for any- |
| a) |
interest in terms of the Income Tax Act, 1962, in respect of the non-payment of such normal tax; or |
| b) |
penalty or additional tax in terms of the said Act, in respect of the non-payment of such normal tax, |
in so far as such interest, penalty or additional tax is due in respect of a period ending not later than the last day of the relief period.
| 3) |
Subject to section 9, any person contemplated in paragraph (d) of the definition of qualifying taxpayer" in section 1, who is in terms of section 4(a) deemed to have applied for relief, shall not be liable for any interest, penalty or additional tax due in terms of the Income Tax Act, 1962, in respect of the late payment or underpayment of any normal tax in relation to any year of assessment which ended on or before 31 December 1994, arising from any details included by such person in any return of income in respect of any such year of assessment- |
| a) |
which is submitted on or before the last day of the relief period; or |
| b) |
for which the qualifying taxpayer has made arrangements as contemplated in paragraph (d)(ii) of the definition of "qualifying taxpayer" in section 1, |
in so far as such interest, penalty or additional tax is due in respect of a period ending not later than the last day of the relief period.
National Small Business Act, 1996 (Act 102 of 1996)
