(1) The Cabinet may exempt or remit wholly or in part any tax payable by any person where it is satisfied that it is just and necessary to do so.
(2) Any decision made under subsection (1) is final and not subject to appeal.
(3) The Comptroller may remit any amount of tax unpaid by any person in respect of any year of income, whether before or after the commencement of this Act, where he or she is satisfied—
(a) that such tax is irrecoverable by operation of law;
(b) that the cost of collection of such tax would exceed the amount outstanding; or
(c) the amount of such tax does not exceed $500, or such higher amount as may be specified in Regulations made by the Minister.
(4) In this section “tax” includes amounts of interest or penalty.
(5) In exercising his or her powers under subsection (3)(a), the Comptroller shall consult with the Minister.
(Amended by Act 9 of 2001)