Singapore legislation
Section 147
Section 147
Penalty for late payment
(1)
If any casino tax that is due and payable is not paid by a casino operator by the prescribed time, a penalty equal to 5% of the amount of casino tax payable must be added thereto and be due and payable.
(2)
If the amount of casino tax outstanding is not paid by a casino operator within one calendar month of the imposition of the penalty as provided by subsection (1), an additional penalty of 5% of the casino tax outstanding is payable for each completed month that the casino tax remains unpaid, but the total additional penalty must not exceed 50% of the amount of casino tax outstanding.
(3)
Any penalty imposed under this section is recoverable as if it were casino tax due and payable under this Part.
(4)
The Comptroller may for any good cause remit the whole or part of the penalty payable under subsection (1) or (2).