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5. PROCEDURE IN ASSESSMENT AND APPEALS

44. The return of income submitted to the local tax office1 is referred to a Board of Assessment (Junta calificadora) attached to the tax office (see paragraph 5). The Board of Assessment may require of the taxpayer whatever data it may consider necessary in making the assessment, and it must make the assessment within one year after the taxpayer has submitted his return.

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45. If the taxpayer wishes to contest the assessment, he may, within twenty days, appeal to the Board of Revision. On the other hand, the Income-Tax Department of the Finance Ministry may appeal against the assessment fixed by the Board of Assessment to the Board of Revision (see paragraph 5). The decision of the Board of Revision is final.

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