- On 20 June 2023, the Ministry of Finance announced the commencement of tax consultations on amendments to the provisions of the Tax Ordinance. The consultation is open until 31 August 2023.
- The Ministry of Finance has proposed changes to the Tax Ordinance, which include replacing tax audits with verification activities.
- These activities will give tax authorities extended powers, such as the ability to hear witnesses and parties, inspect premises, and collect evidence from other institutions or persons.
- The taxpayer can be subjected to verification at any time without time limits, and the authority can conduct them until the tax liability expires.
- The proposed changes do not require tax authorities to notify the taxpayer or complete verification activities with a formal document.
- These changes will limit taxpayers’ rights and increase the fear of a change of position regarding tax settlements.
Source MDDP
