tax assessment

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Related to Tax Assessments: Real Property Taxes
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  • noun

Words related to tax assessment

the value set on taxable property

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References in periodicals archive ?
Najib's lawyer Muhammad Farhan Muhammad Shafee told the media that the IRB's lawyers indicated to the High Court that they were also planning to file an application for summary judgment (notwithstanding that there is an appeal on the tax assessment).
This is important so that the BIR can evolve to be a more efficient tax collector as it concentrates on tax assessments that really matter.
Summary: New Delhi (India), Jan 8 (ANI): The Supreme Court on Tuesday asked UPA chairperson Sonia Gandhi and her son Congress president Rahul Gandhi to submit an affidavit in a Central Board of Direct Taxes (CBDT) circular that had "a direct bearing on the National Herald tax assessment case."
The Court of Tax Appeals (CTA) has cancelled the Bureau of Internal Revenue's P59.8-million deficiency income tax assessment against RCBC Savings Bank due to the failure of the former to notify the bank of its indebtedness on time.
The CTA also ordered the BIR 'to lift the warrants of distraint and/or Levy and Garnishment issued in relation to the same FDDA and deficiency tax assessments, pending the final disposition of this case.'
(7) of 2017 on Tax Procedures, voluntary disclosure form is used by the taxable persons to notify the Authority of any error or omission in the submitted tax returns and tax refund requests or the tax assessments issued by the authority.
These include submitting an incorrect tax return or tax assessment issued by the authority, which leads to incorrect calculation of tax payable in accordance with the law.
lf it is found that the taxpayer is still liable for deficiency taxes after presenting his side, and the taxpayer is not amenable to settle the same, the case shall be endorsed within seven days from the conclusion of the conference to the Assessment Division of the Revenue Region for the issuance of a deficiency tax assessment. Failure on the part of revenue officers to comply with the periods indicated shall be meted with penalty as provided by existing laws, rules and regulations.
The tax regulator in its defence stated it had started the process of scrutinizing individuals named in Panama leaks professionally but intended outcomes couldn't be achieved due to restrictions in local tax statute, specifically linked to time limitation to amend/reopen a completed tax assessment and obligatory disclosure requirements of Pakistani nationals in respect to their income and overseas assets.
With regard to one item recorded in the minutes related to the service tax assessments in the new dispensation, there was a long discussion on the interpretation on the decision taken in the last meeting and that discussion consumed a lot of time today, Jaitley told reporters.
Legal departments at banks will be given the right to appeal the property tax assessments on behalf of owners, the Ministry of Finance announced Saturday.
CYGAM Energy Inc., an emerging oil and gas company with interests in Tunisia and Italy, has announced that its wholly owned subsidiary, Rigo Oil Company Limited ("Rigo"), which operates in Tunisia, has received tax assessments from the Tunisian tax authorities relating to taxation years 2010 through 2013. - in an effort to empower homeowners - is now offering a completely personalized tax appeal package, including localized tax information and a selection of comparable properties with lower tax assessments.
However, this rule should require use of real estate appraisals prepared by qualified appraisers in accordance with the Uniform Standards of Professional Appraisal Practice, as opposed to tax assessments, to ensure fairness and consistency."
The concern is that HMRC are not making people aware of the importance of the quality of their tax assessments.