Extension of time for payment

—(1) The taxpayer may apply, on a form prescribed by the Director General, for an extension of the time for payment of tax beyond the date on which it is required to be paid under section 44. (2) The Director General may– (a) with good cause, extend the time for payment as requested under sub-section (1); (b) grant an extension period different from the period requested by the taxpayer; (c) extend time for payment pending resolution of an appeal; and (d) make other arrangements to ensure payment of the tax, including arrangements requiring the person to pay the amount due in instalments. (3) If the Director General does not notify the person who made an application under sub-section (1) of the decision in writing within thirty days, the application is considered granted. (4) If a taxpayer has been granted an extension under sub- section (1), interest is payable under Part VII notwithstanding the extension of time. (5) If an extension is granted by permitting the taxpayer to pay by instalments and the taxpayer defaults in paying any of the instalments, the whole balance of the tax outstanding shall become payable immediately.