The Tax Administration has the right to re-issue the tax assessment due by the taxpayer regarding the years that are previously assessed in the following conditions :

1. If the Tax Administration discovered information related to the taxpayer revenues that have not been revealed earlier by the taxpayer;

2. If the taxpayer used any fraudulent methods such as :

   1. Hiding information or giving false information either in the declaration or in the papers submitted to the Tax Administration related to defining the taxable income;

   2. Fabricating calculations or false books, records or documents, or impairing or hiding the right thereof;

   3. Concealing an activity or more that is taxable.

The tax assessment has to be re issued within five years from the date of discovering the information or the deception methods as mentioned in the first paragraph of this Article.

Re-issuing the tax assessment should include the fundamentals it has been based on and the taxpayer shall be notified thereof.

The taxpayer may object and appeal to have the tax assessment re-issued according to the provisions of these Bylaws.