GTL Summary:

Article 47 of the Tax Procedures Law establishes a crucial principle regarding the statute of limitations for tax collection by the Federal Tax Authority (FTA). It specifies that the Authority's right to claim Payable Tax and Administrative Penalties does not expire over time. This provision is conditional upon the Taxable Person having been formally notified of the outstanding amounts due. Once notification is served, the FTA's entitlement to pursue collection of these liabilities becomes perpetual, and it may initiate recovery proceedings at any point in the future without being constrained by any time limit.