Article 40

The Authority assesses taxes as follows:

1. The tax return is considered an assessment of the tax.

2. An amended tax assessment decision is issued on the form prepared for this purpose if the Authority makes modifications to the tax return submitted by the taxpayer.

3. An estimated tax assessment decision is issued on the form prepared for this purpose in all cases where it is not possible to assess the tax based on the taxpayer's actual income, including cases where the taxpayer does not submit a tax return or the supporting data and documents within the specified periods. This includes, in particular, the following:

   1. Books or records stipulated in the Law and this Regulation, provided they are accurate and regularly maintained according to the laws and accounting standards in force in the state.

   2. Information, clarifications, and other documents that the Authority requests from the taxpayer for the purpose of the tax inspection.

4. The tax is assessed on an estimated basis based on objective evidence available to the Authority, especially the following:

   1. Data available in the taxpayer's accounts, even if not considered.

   2. The nature and characteristics of the taxpayer's activity.

   3. Data related to similar cases.

   4. Reports and data issued by independent entities related to the taxpayer's activity.

5. If the taxpayer does not submit their tax return within the periods specified in this Regulation and before issuing an assessment decision, the Authority may issue a warning requiring the taxpayer to submit their return within no more than (30) thirty days from the date of notification.

6. The Authority may amend the tax assessment decision, either reducing or increasing the amounts due, to correct material errors related to tax calculation and notify the taxpayer accordingly.