21Interest in respect of tax defaults

#### 21 Interest in respect of tax defaults 21 Interest in respect of tax defaults > > (1) If a tax default occurs, the taxpayer is liable to pay interest on the amount of tax unpaid calculated on a daily basis from the end of the last day for payment until the day it is paid at the interest rate from time to time applying under this Division. > > > (2) Interest is payable under this section in respect of a tax default that consists of a failure to pay— > > > > > (a) penalty tax under Division 2, or > > > > > (b) a penalty imposed under section 106KA. > > > (3) Interest is not payable in respect of a failure to pay interest under this division. > > **s 21:** Am 2024 No 90, Sch 8\[2\].