Almost 1k businesses lodge tax disputes since approval of temporary bill

Almost 1k businesses have lodged tax complaints with the government’s dispute resolution committee under temporary tax dispute resolution bill ratified on 8 March, government sources told the local press. There are no plans to extend the end-of-June deadline for settlements over implications from the covid-19 outbreak, the sources said.

Background: The legislation extends the expired Tax Dispute Resolution Act for six months, allowing the newly-established dispute settlement committees to handle tax disputes until 30 June this year. It permits businesses whose assets were frozen for not paying taxes to make a 10% down payment to unfreeze them and allow them to file for a settlement.