Violations and Penalties

Assessment of Corporate Tax and penalties

1.Corporate Tax assessment may be imposed on a person based on the Tax Procedures Law and the decisions made in the implementation of its provisions, including VAT Registration

2. Notwithstanding the provisions of the Tax Procedures Law and the decisions issued in the implementation of its provisions, the Authority may prescribe the circumstances and conditions under which a Corporate Tax assessment may be requested by a Taxable Person or issued by the Authority.

3. The Tax Procedures Law referred to in the preamble and the decisions issued in the implementation of its provisions shall determine the relevant penalties and fines relevant to the implementation of this Decree-Law.