Article 71 grants the Minister the authority to permit a taxpayer to pay their due taxes in installments, provided sufficient reasons and justifications exist. The specific requirements and conditions for such arrangements are detailed in the Regulations. This authority may be delegated to the Director General of the Department. The Minister, or their designee, reserves the right to cancel the installment plan if it is determined that the accruals of the Public Treasury are at risk of loss. Importantly, opting for an installment plan does not absolve the taxpayer from paying the delay fine, as mandated by Article 77(a).
Chapter 13 - Tax Collection
Article 71 - Payment of Tax in Installments
The Minister has the power to allow payment in installments for amounts due on a taxpayer whenever enough reasons and justifications exist within the framework of requirements and conditions specified by the Regulations. The Minister may delegate what he deems fit of this authority to the Director General of the Department. Further, the Minister, or his designee, may cancel the installment arrangement if he finds that the accruals of the Public Treasury are subject to loss.
Payment of tax in installments in accordance with this Article shall not exempt the taxpayer from the payment of the delay fine for the period of installments pursuant to Article 77(a) of this Law.
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