Chapter IV: Invoices, Returns, Notifications,Books and Records

Article 14:

The registrant shall issue a tax invoice when supplying taxable goods and /or services in accordance with the provisions of this Law. The Executive Regulations shall specify rules and procedures that guarantee the regularity of invoices and facilitate the control and check thereof .

Article 15:

The registrant shall keep regular accounting books and records to regularly record the transactions made. The registrant shall keep such records and copies of invoices mentioned above in the previous article for three years following the end of the fiscal year during which entries were made therein . The Executive Regulations shall specify limits, rules, and procedures to be followed and records and documents to be kept by the registrant as well as data to be recorded therein .

Article 16:

All and every registrant shall submit to the Department a monthly return stating the tax due on the form prepared therefor within thirty days following the end of the taxable month. The Minister may, by a decree , extend the 30 day period as may be convenient .* The registrant shall file said return even if no taxable supplies were made within the taxable month. Without prejudice to criminal impeachment, if the registrant failed to file the return stipulated herein the Department is entitled to assess the tax due on the accounting period thereof, such assessment shall include bases thereof . The ministerial decree no 651 of 1994 was issued adding to the ministerial decree no 190 of 1991the following paragraph: “ Tax return of April shall be filed and the due tax shall be paid not later than the 15 th of June “

* This period was extended to 60 days by the ministerial decree no 190 of 1991 with the exception of Table 1 commodities manufacturers who are still committed to the old 30 day period. ( Published on 20/6/91 in the Official Gazette no 140 )

Article 17:

The Department may amend the return provided for in the previous article. The registrant shall be notified of such amendment by a registered letter with a return receipt within sixty days as of the date of submitting the return to the Department* . The registrant may appeal to the Commissioner within thirty days as of the date of receiving the notification . If such appeal is refused or not settled within fifteen days, the registrant may apply for submitting such dispute to arbitration stipulated herein within the following fifteen days . ** In all cases , such periods may be extended by a ministerial decree . In case such appeal is not made or the application for arbitration is not submitted within the date(s) mentioned above, the assessment made by the Department shall be final .

* This period was extended by the ministerial decree no 231 published in the Official Gazette edition no 169 on 31/7/91 to be a year as of the date at which the return is filed to the Department and was extended for the second time by the ministerial decree published in the Official Gazette no 132 on 9/6/1992 to be 3 years as of the date at which the return is filed to the Department .

** This period was extended by the ministerial decree no 308 published in the Official Gazette no 214 on 21/9/1992 to be thirty days and was extended for the second time by the ministerial decree no 369 published in the Official Gazette no 229 on 12/3/1993 to be sixty days .

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