When can the Authority carry out a Tax Audit or issue a Tax Assessment for a Taxable Person?
The Authority can carry out a Tax Audit or issue a Tax Assessment for a Taxable Person after five years from the end date of the relevant Tax Period, if the procedures of the Tax Audit have been commenced within five years. However, the Tax Audit must be carried out or the Tax Assessment issued within four years from the date of notification of the Tax Audit.