Tax Arrears Settlement Scheme (TASS) provides for full waiver of penalties and interests on all tax arrears outstanding as at 7 June 2022, under an
assessment issued or a return submitted on or before 7 June 2022 under the Income Tax Act, the VAT Act or the Gambling Regulatory Authority Act, provided that:
(i) application for the waiver is made to the MRA on or before 31 December 2022; and
(ii) the tax arrears are fully paid on or before 31 March 2023.
The scheme is not applicable to any person:
(i) who has been convicted of an offence on or after 01 July 2012; or
(ii) against whom there are any pending or contemplated civil or criminal proceedings; or
(iii) who is the subject matter of an enquiry;
relating to drug trafficking under the Dangerous Drugs Act; arms trafficking, an offence related to terrorism under the Prevention of Terrorism Act; money laundering under the Financial Intelligence and Anti Money Laundering Act; or a corruption offence under the Prevention of Corruption Act.
