Verification may be conducted on “other information” which either belongs to or is obtained by the DGT, as follows:
- clarification results/confirmation of VAT invoices;
- withholding tax slips;
- taxation data relating to taxpayers not submitting tax returns on time, having received a written reminder and still not submitting a tax return within the period specified in the Warning Letter; or
- Transaction evidence or taxation data that can be used to calculate the taxpayer’s obligation.
DGT may issue tax assessments to taxpayers as the result of verification; however a closing conference must be conducted prior to the issue of such tax assessments.