Article 8 - Tax Return Preparation and Submission

Article (8)

Tax Return Preparation and Submission

1. Each Taxable Person shall:

a. Prepare the Tax Return for each Tax Period for each Tax within the time limit of registration in accordance with the Tax Law.

b. Submit the Tax Return to the Authority in accordance with the provisions of this Law and the Tax Law.

c. Settle any Payable Tax as specified in the Tax Return or any Tax Assessment within the timeframe specified in this Law and the Tax Law.

2. Any incomplete Tax Return submitted to the Authority shall be treated as not having been accepted by it if it does not include the basic information determined by the Tax Law.

3. Each Taxable Person is responsible for the accuracy of the information and data in the Tax Return and in all his correspondence with the Authority.

4. Each Taxpayer shall settle any Administrative Penalties prescribed within the period of time specified in this Law and the Tax Law.