Singapore legislation
Clause 9
Clause 9
Amendment of section 60
Section 60 of the principal Act is amended by deleting subsection (2) and substituting the following subsection:“(2) If any return is not made by a taxable person before the expiry of the period prescribed in regulations made under section 41 for the return, the taxable person must pay a penalty that is the sum total of the following amounts, not exceeding in any case $10,000:
(a)
$200;
(b)
$200 for each completed month that the taxable person continues not to make the return, commencing from the expiry of the period prescribed.”.