Article 40 - Settlement of Tax in Bankruptcy Case

Article 40

Settlement of Tax in Bankruptcy Case

1. The appointed Trustee shall communicate with the Authority to be informed of the Due Tax or of its intention to perform a Tax Audit for specific tax period (s).

2. The Authority shall notify the Trustee of the amount of the Due Tax or of the Tax Audit within 20 business days after being notified by the Trustee.

3. The Trustee may object or appeal against the estimate of the Authority or settle the Due Tax.

4. The Executive Regulation shall specify the procedures of communication with the Authority, grievance, objection and settlement of Due Tax.

GCC FinTax
GCC App for Android & iOS

GCC FinTax is a community for Tax and Finance professionals from GCC to share knowledge, learn and network.

Download Android app   Download IOS app