THE Minister of Finance and Economic Development, in terms of sections 48, 71 and 73 of the Income Tax Act [Chapter 23:06], hereby makes the following notice:—
1. This notice may be cited as the Income Tax (Rate of Interest) Notice, 2021.
2. (1) Subject to subsection (2), the rate of interest for any month or part thereof during which tax remains unpaid shall, for the purposes of section 48, 71 or subparagraph (1) of paragraph 3 of the Thirteenth Schedule of the Act, be ten per centum with effect from 1st January, 2020.
Rate of interest on unpaid or overpaid income tax in foreign