In the event a tax assessment – exceeding the tax determined on the basis of Tax Declaration - is made after the next twelve months for the expiry of the taxable period, the excess amount shall be settled in one payment within 30 days of the notice date of the assessment letter.
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Ministerial Decision No. 29 of 2008 establishes the Executive Bylaws, covering Articles 1 to 48, which govern tax administration procedures. The Decision outlines key obligations for taxpayers, including the process for tax collection as detailed in provisions like Article 30. This article specifies the timeline and method for settling tax assessments that exceed the amount declared by the taxpayer, requiring payment within 30 days of the assessment notice. The bylaws provide a procedural framework for tax compliance and enforcement, ensuring clarity on the settlement of tax liabilities determined after the end of a taxable period.
Chapter 8 : Tax Collection
Article 30
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