Instruction D - 144 on determination of time-limits for closing of procedures in the case of incorrect tax returns and declarations
Instruction D - 144 was published in the Financial Reporter ("Finaneni zpravodaj") No. 8/1996. In addition to the Tax Collection Act, section 43, the Ministry of Finance provides that the Financial Boards must complete clarification procedures in the case of incorrect tax returns and declaration within 4 months. Financial Authorities are subject to a time limit of three months for similar procedures. However, the stipulated time-limits do not have to be met if the taxpayer ignores the financial authorities requests or evades the procedures.
For further information please contact Richard Fletcher, Arthur Andersen, Prague, tel +42 2 2440 1300, or enter text search 'Arthur Andersen' and 'Business Monitor'
The content of this article is intended to provide general information on the subject matter. It is therefore not a substitute for specialist advice.
