Article 10 - Voluntary Disclosure

Article (10)

Voluntary Disclosure

1. If a Taxable Person becomes aware that a Tax Return submitted by him to the Authority or a Tax Assessment sent to him by the Authority is incorrect, which resulted in calculating the Payable Tax according to the Tax Law at a value that is less than it should have been, the Taxable Person shall, in this case, apply to correct such Tax Return by submitting a Voluntary Disclosure within the time limit specified in the Executive Regulation of this Law.

2. If a Taxpayer becomes aware that a Tax refund application that he has submitted to the Authority is incorrect, which resulted in calculating the refund to which he is entitled according to the Tax Law, at a value that is more than it should have been, he shall, in this case, apply to rectify the Tax refund application by submitting a Voluntary Disclosure within the time limit specified in the Executive Regulation of this Law.

3. If a Taxable Person becomes aware that a Tax Return submitted by him to the Authority or a Tax Assessment sent to him by the Authority are incorrect, which resulted in calculating the Payable Tax according to the Tax Law at a value that is more than it should have been, he may, in this case, apply to rectify such a Tax Return by submitting a Voluntary Disclosure.

4. If a Taxpayer becomes aware that a Tax refund application that he has submitted to the Authority is incorrect, which resulted in calculating a refund amount to which he is entitled according to the Tax Law at a value that is less than the it should have been, he may, in this case, apply to rectify the Tax refund application by submitting a Voluntary Disclosure.