Section 93C: Failure to comply with requirements for tax exemption

(1) A taxpayer exempted from tax under a tax law shall at all times maintain the requirements required for the taxpayer to be granted an exemption under the tax law. (2) A taxpayer who fails to comply with subsection (1) shall be liable to pay the tax due for the period for which the taxpayer fails to maintain the requirements required for the taxpayer to be granted an exemption under the tax law. (3) For the purposes of subsection (2), the tax due shall be paid personally by the taxpayer who failed to maintain the exemption requirements." Cross References National Payment Systems Act, Cap. 59 Registration of Persons Act, Cap. 332