s. s. 31 32 31 Reduction in penalty tax for disclosure before or during investigation S. 31(1) (1) The amount of penalty tax determined under amended by section 30 is to be reduced by 80% if, before the Nos 36/2005 Commissioner commences an investigation into a s. 36(1), 33/2007 known or suspected tax default or notification s. 9(1), default by the taxpayer, the taxpayer voluntarily 83/2009 s. 33(1). discloses to the Commissioner, in writing, sufficient information to enable the nature and extent of the default to be determined. S. 31(2) (2) The amount of penalty tax determined under amended by section 30 is to be reduced by 20% if, after the Nos 36/2005 s. 36(1), Commissioner commences an investigation into a 33/2007 known or suspected tax default or notification s. 9(1), default by the taxpayer and before it is completed, 83/2009 s. 33(2). the taxpayer voluntarily discloses to the Commissioner, in writing, sufficient information to enable the nature and extent of the default to be determined. (3) Subsection (1) or (2) (as the case requires) does S. 31(3) inserted by not apply in respect of information disclosed by a No. 36/2005 taxpayer if the taxpayer is registered by the s. 36(2), substituted by Commissioner under a taxation law and— No. 33/2007 s. 9(2). (a) the tax default involved the failure to lodge a return and pay tax by the date required under that taxation law; or (b) in the case of a taxpayer who lodged a return by the due date that disclosed a liability to pay tax, the tax default involved the failure to pay that tax by the date required under the taxation law. 32 Increase in penalty tax for concealment (1) The amount of penalty tax determined under S. 32(1) amended by section 30 is to be increased by 20% if, after the Nos 36/2005 s. 36(3), Commissioner commences an investigation into a 83/2009 s. 34. known or suspected tax default or notification
31 Reduction in penalty tax for disclosure before or during investigation s. 31 S. 31(1) amended by Nos 36/2005 s. 36(1), 33/2007 s. 9(1), 83/2009 s. 33(1). (1) The amount of penalty tax determined under section 30 is to be reduced by 80% if, before the Commissioner commences an investigation into a known or suspected tax default or notification default by the taxpayer, the taxpayer voluntarily discloses to the Commissioner, in writing, sufficient information to enable the nature and extent of the default to be determined. S. 31(2) amended by Nos 36/2005 s. 36(1), 33/2007 s. 9(1), 83/2009 s. 33(2). (2) The amount of penalty tax determined under section 30 is to be reduced by 20% if, after the Commissioner commences an investigation into a known or suspected tax default or notification default by the taxpayer and before it is completed, the taxpayer voluntarily discloses to the Commissioner, in writing, sufficient information to enable the nature and extent of the default to be determined. S. 31(3) inserted by No. 36/2005 s. 36(2), substituted by No. 33/2007 s. 9(2). (3) Subsection (1) or (2) (as the case requires) does not apply in respect of information disclosed by a taxpayer if the taxpayer is registered by the Commissioner under a taxation law and— (a) the tax default involved the failure to lodge a return and pay tax by the date required under that taxation law; or (b) in the case of a taxpayer who lodged a return by the due date that disclosed a liability to pay tax, the tax default involved the failure to pay that tax by the date required under the taxation law. 32 Increase in penalty tax for concealment s. 32 S. 32(1) amended by Nos 36/2005 s. 36(3), 83/2009 s. 34. (1) The amount of penalty tax determined under section 30 is to be increased by 20% if, after the Commissioner commences an investigation into a known or suspected tax default or notification
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