Wednesday, April 1, 2020

Ordinance 2020: New interest rates on delayed payment of taxes

It has been provided in the Ordinance 2020 that any delay in payment of tax which is due for payment from 20-03-2020 to 29-06-2020 shall attract interest at the lower rate of 0.75% for every month or part thereof if same is paid after the due date but on or before 30-06-2020.

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