Verification

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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s