Section 33: Security To be Deposited

Section 33: Security To be Deposited

1) Upon filing an appeal to the Revenue Tribunal, fifty percent of the disputed tax amount and fine amount or a bank guarantee of such amount shall be furnished after deposit of the undisputed tax amount from the tax assessed.

2) Upon calculation of the amount or bank guarantee to be furnished, twenty-five percent of the tax amount furnished in the Inland Revenue Department for administrative review shall be included.