In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Income Tax (Petroleum) Act · 2022 Revised Edition · Part · Offences and Penalties
Income Tax (Petroleum) Act · 2022 Revised Edition · Part · Offences and Penalties
Official textFrom Attorney General's Chambers, unchanged
Every person who wilfully —
person
“person” means any individual or group of individuals and any company, corporation or other body;
makes an incorrect return by omitting or understating any profits of which he is required by this Act to make a return; or
gives any incorrect information in relation to any matter or thing affecting his liability to tax, is guilty of an offence and liable on conviction to a fine of $6,000 and double the amount of tax which has been undercharged in consequence of such incorrect return or information, or would have been so undercharged if the return or information had been accepted as correct, and in default of payment to imprisonment for 6 months.
(Repealed).
The Collector may compound any offence under this section, and may before judgment, stay or compound any proceedings thereunder:
Collector
“Collector” means the Collector of Income Tax appointed under section 3 and includes for all purposes of this Act, except the powers conferred on the Collector by sections 38, 39 and 42, a Deputy Collector so appointed;
Provided that any proceedings commenced with the sanction of the
Attorney General shall not be stayed or compounded without the consent of the Attorney General.
Collector
“Collector” means the Collector of Income Tax appointed under section 3 and includes for all purposes of this Act, except the powers conferred on the Collector by sections 38, 39 and 42, a Deputy Collector so appointed;
person
“person” means any individual or group of individuals and any company, corporation or other body;
Part