Notice of assessment, reassessment or withdrawal of assessment
14 Notice of assessment, reassessment or withdrawal of assessment
The Chief Commissioner may issue a notice of assessment (showing the amount of the assessment).
If the Chief Commissioner has not issued a notice of assessment of the tax liability of a taxpayer, the Chief Commissioner must issue the notice if a request to do so is made by the taxpayer within 5 years after the liability arose.
If the Chief Commissioner makes a reassessment, the Chief Commissioner must issue a notice of assessment (showing the amount of the reassessment).
If the Chief Commissioner withdraws an assessment, the Chief Commissioner must issue a notice of withdrawal of assessment.
The notice is to be in a form approved by the Chief Commissioner.
This Act’s bill:Explanatory memorandumSecond reading speech
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