Formal Tax Law forms the undeniable vital part of any nation’s fiscal framework. Formal tax law stipulates the exact scope and restrictions of the formal regulations, which enforce the collection of taxes owed under federal law. In the formalization of the material tax assessment, the rules of the game need to be taken into account by both the taxpayer and the presiding tax collectors office. The disciplinary measures that the tax authorities can impose in the case of non-compliance with federal law and regulations, consist of issuance of a fine, reversal of the burden of proof (E.g. in the case of withholding information), and criminal justice. Concurrently, the taxpayer also has an essential role to play in the safeguarding of an adequate progression of the fiscal process and collection of taxes. In this regard, it is pivotal that the taxpayer assesses whether or not the tax authorities have engaged in repressive action within the time promulgated in the applicable section of the law. Consequently, in the event that the tax authorities violated the procedural requirements, the formalization of the material tax assessment is obstructed, if the taxpayer chooses to appeal against the formalization and subsequent tax collection.
“Justice in the life and conduct of the State is possible only as first it resides in the hearts and souls of the citizens.”Plato (427 BC – 347 BC), Greek philosopher
Van Clamsfield International Ltd. offers detailed information and sound advice on the following issues: