- 5 Marks
Question
The Commissioner-General may, in the circumstances specified in section 28 (3) of the Revenue Administration Act, 2016 (Act 915), make a pre-emptive assessment of tax payable or to become payable by a person under a tax law whether or not the person is required to file a tax return.
Required:
Under what circumstance will the Commissioner-General make a pre-emptive assessment? (5 marks)
Answer
The Commissioner-General may make a pre-emptive tax assessment under the following circumstances:
- The person becomes bankrupt.
- The person’s business is wound up.
- The person’s business goes into liquidation.
- The Commissioner-General believes the person is about to leave the country indefinitely.
- The Commissioner-General believes the person is about to cease business activities in the country.
- The Commissioner-General believes the person has committed an offence under tax law.
- The Commissioner-General considers it appropriate, especially where the person fails to maintain adequate documentation.
- Topic: Tax Administration
- Series: DEC 2023
- Uploader: Joseph