Article 151 addresses the payment of additional taxes found after an official audit. If the Tax Authority's assessment determines a higher tax liability than what was originally declared and paid with the return, the excess amount becomes due. This additional tax must be paid by the specific date mentioned in the assessment notice (per Article 146). This provision ensures that any discrepancies found during the Authority's review process are promptly settled, bridging the gap between the taxpayer's self-assessment and the state's official determination of the correct tax liability.
Part 5 - Tax Assessment and Collection
Chapter 3 - Tax Collection and Refund
Section 1 - Payment of Tax
Article 151
[GTL Notes: Payment of Tax on Assessment]
The tax payable as per the assessment for any tax year shall be paid for that year, to the extent it exceeds the tax payable as per the return of income for that year.
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