Purpose of returns: declares tax liabilities and enables compliance verification and input tax credit matching. Returns serve as the mechanism for transfer of information to tax administration, for compliance verification, for finalization of a taxpayer's tax ... Summary
Purpose of returns: declares tax liabilities and enables compliance verification and input tax credit matching.
Returns serve as the mechanism for transfer of information to tax administration, for compliance verification, for finalization of a taxpayer's tax liability within limitation periods and for matching input tax credit; they also provide data for policy decisions and for management of audit and anti-evasion programs.
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