Stamp Duties Act, 1968 (Act No. 77 of 1968)Chapter III: General Provisions Relating to the Stamping of Instruments9A. Penalty for failure to pay duty within prescribed period |
| (1) | If any person who is liable for the payment of duty under this Act, fails to pay any amount of that duty within the period for the payment thereof as specified in section 8, that person must, in addition to the amount of that duty, pay a penalty equal to 10 per cent of that amount of duty. |
| (2) | If the Commissioner is satisfied that the failure on the part of the person concerned or any other person under the control or acting on behalf of that person to stamp the instrument within the period contemplated in subsection 8 was not due to an intent not to stamp the instrument or to postpone the payment of the duty, the Commissioner may remit in whole or in part any penalty payable in terms of subsection (1). |