S.L. 123.68 Art. 6Reduction of additional tax by 90%. S.L. 372.14 Cap. 372. S.L. 123.27.

Additional tax chargeable shall be reduced by ninety per cent (90%) of the full amount where the omission -

(a) is of income from an employment or office which is included in a return submitted to the Commissioner in accordance with the provisions of the Final Settlement

System (FSS) Rules; or

(b) is of investment income, as defined in the investment income provisions of the Act, subject to deduction of tax at source, irrespective of whether such tax has been deducted or not; or

(c) is of gains from the sale of immovable property chargeable under article 5 of the Act, and tax at the stipulated rate has been paid in accordance with article 43 of the Income Tax Management Act and rule 6 of the Capital Gains Rules.