Mutual Agreement Procedure – revised guidelines

The MAP Guidelines published on the website of the Office of the Commissioner for Revenue have been revised. Specifically, the text under the heading: “Suspension of Collection of Tax During a MAP” has been replaced to reflect the amendment to article 41 of the Income Tax Management Act that was passed earlier this year.

This now reads:

“Suspension of Collection of Tax During a MAP

The Commissioner for Revenue shall apply the provisions of article 41 of the Income Tax Management Act where a taxpayer has requested a MAP and has submitted a notice of objection or appeal against the relevant assessment. As a consequence, that part of the tax assessed that is in dispute may be kept in abeyance.”

The updated guidelines (Version 2.3) can be downloaded here.