Question 6 - Where the tax liability as per the final assessment is higher than in provisional assessment, will the taxable person be liable to pay interest?

Interest liability arises where final assessment exceeds provisional assessment, accruing until actual payment is made.

Where a final assessment shows a higher tax liability than a prior provisional assessment, the taxable person is liable to pay interest on the additional tax from the date the tax was originally due until the date the additional tax is actually paid.