Question Tag: Taxpayer

Where the Commissioner-General makes an assessment, the Commissioner-General is required to serve a written notice of the assessment on the taxpayer. In addition to any requirements of the tax law in question, the notice of assessment should contain:

• The name of the taxpayer.
• The Taxpayer Identification Number (TIN) of the taxpayer.
• The assessment by the Commissioner-General of the tax payable by the taxpayer for the period, event, or matter to which the assessment relates.
• The amount of tax remaining to be paid after any relevant credits, reductions, or pre-payments.
• The manner in which the assessment is calculated.
• The reason why the Commissioner-General has made the assessment.
• The date by which the tax is to be paid.
• The time, place, and manner of objecting to the assessment.

(8 points for 8 marks)