- 5 Marks
Question
Where the Commissioner-General makes an assessment under a tax law, the Commissioner-General shall serve a written notice of the assessment on the taxpayer.
Required:
State EIGHT (8) elements contained in Commissioner-General’s notice of tax assessment. (5 marks)
Answer
The written notice of tax assessment from the Commissioner-General must contain the following elements:
- Name of the taxpayer.
- Taxpayer Identification Number (TIN).
- The tax payable as assessed by the Commissioner-General.
- Amount of tax remaining to be paid after any relevant credits or pre-payments.
- The manner in which the assessment was calculated.
- The reason for making the assessment.
- The date by which the tax is to be paid.
- Time, place, and manner for objecting to the assessment.
- Tags: Commissioner-General, Tax Assessment, Tax law, Taxpayer Notice
- Level: Level 2
- Topic: Tax Administration
- Series: DEC 2023
- Uploader: Joseph