10(1)  

(a)Chargeable event”  shall mean the occurrence by virtue of which the legal conditions necessary for tax to become chargeable are fulfilled.

(b)The tax becomes “chargeable”  when the tax authority becomes entitled under the law at a given moment to claim the tax from the person liable to pay, notwithstanding that the time of payment may be deferred.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.