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The GDT approves the rules for control by the taxpayer’s office

The GDT approves the rules for control by the taxpayer’s office

The General Directorate of Taxation held the 19th meeting of the Compliance Committee, which approved the risk analysis rules for the identification of taxpayers who will be checked by the office.

This is a monitoring, verification and evaluation process done by Tax Administration for those taxpayers who have uncertainties or inaccuracies in their declarations.

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Controls will also be subject to taxpayers who are importers in customs, but result tax passive; entities that buy into passive status businesses with a request for derecognition and derecognition, as well as those who appear to be incorrectly declaring sales.

Checks from the office will commence on 1 November 2018.

Tax Administration encourages taxpayers to increase tax compliance levels as the best way to create a partnership based on mutual trust.

News Source: GDT

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