{"id":604759,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/604759/?format=json","text_counter":471,"type":"speech","speaker_name":"Hon. Lati","speaker_title":"","speaker":{"id":2762,"legal_name":"Jonathan Lelelit Lati","slug":"jonathan-lelelit-lati"},"content":"Thank you, Hon. Temporary Deputy Chairlady. It makes sense because interest is an accrual and it should not exceed the tax liability. However, it does not make a lot of sense to have a penalty that exceeds the interest liability. That is still captured in Clause 38 in a better way. Interest accrues. So, there is a reason to put a ceiling on interest so that it does not exceed the tax liability. However, I do not see any reason why a penalty would be more than the tax itself unless it says “payable penalty and interest”, but it says “payable penalty or interest”. I support but I do not think it makes a lot of sense."}