Installment payment of tax: commissioner may permit monthly repayments with interest; default accelerates the entire outstanding balance. The Commissioner may, on application and for reasons recorded in writing, extend payment time or allow payment of amounts due under the Act in monthly ... Summary
Installment payment of tax: commissioner may permit monthly repayments with interest; default accelerates the entire outstanding balance.
The Commissioner may, on application and for reasons recorded in writing, extend payment time or allow payment of amounts due under the Act in monthly installments, subject to interest and prescribed conditions, excluding self assessed return liabilities; a default in any installment causes the whole outstanding balance to become immediately due and liable for recovery without further notice.
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