Taxation Administration Act 2001
sec.12Compromise assessments
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sec.12 Compromise assessments
This section applies if, in assessing a taxpayer’s liability for tax, it is difficult or impracticable for the commissioner to properly determine the amount of the taxpayer’s liability because of a complexity or uncertainty or for another reason. The commissioner may make an assessment of the taxpayer’s liability under a written agreement with the taxpayer (a compromise assessment ). The compromise assessment is a non-reviewable decision. Nothing in this part requires the commissioner to make a compromise assessment for a taxpayer. (sec.12-ssec.1) This section applies if, in assessing a taxpayer’s liability for tax, it is difficult or impracticable for the commissioner to properly determine the amount of the taxpayer’s liability because of a complexity or uncertainty or for another reason. (sec.12-ssec.2) The commissioner may make an assessment of the taxpayer’s liability under a written agreement with the taxpayer (a compromise assessment ). (sec.12-ssec.3) The compromise assessment is a non-reviewable decision. (sec.12-ssec.4) Nothing in this part requires the commissioner to make a compromise assessment for a taxpayer.