1.FTA shall issue a Tax Assessment to determine the value of the Payable Tax, Refundable Tax or any other matters specified by the Tax Law or the Executive Regulations, and shall notify the Taxpayer of the same within (10) ten Business Days from the issuance date thereof in any of the following cases: a.The Taxable Person fails to apply for the Tax Registration within the time limit prescribed in the Tax Law. b.Failure of the Registered Person to submit the Tax Return within the time limit prescribed by the Tax Law. c.The Registered Person's failure to pay the Tax indicated as a Payable Tax in the Tax Return submitted within the time limit prescribed in the Tax Law. d.The Taxable Person has submitted an incorrect Tax Return. e.The Registered Person's failure to calculate the Tax on behalf of another Person when he is obliged to do the same in accordance with the Tax Law. f.If the Payable Tax is incomplete as a result of Tax Evasion by the Person or due to Tax Evasion in which he was involved. g.Any other cases under the Tax Law. 2.FTA may issue an estimated Tax Assessment of the Payable Tax and the Refundable Tax if it is not possible to determine the actual amount of the Payable Tax or the authenticity of the Tax Return. In this case, FTA shall: a.Amend the estimated Tax Assessment issued under this Article based on new information that may affect the subject of the Tax Assessment. b.Notify the Person concerned of such amendments within (10) ten Business Days following the amendment date. 3.The Executive Regulations shall specify the information or data to be included in the Tax Assessment.
Interpretation and application must be checked against the official text and current version.