Singapore legislation
Section 21
Section 21
Assessments by Agency
(1)
Upon approving a verified emissions report for a taxable facility of a registered person for a reporting period, the Agency must assess —
the tax charged under section 16(1) for the reporting period; and
the number of carbon credits that the registered person must surrender to pay the tax.
(2)
Where the Agency is of the opinion that a registered person is liable to pay the tax for a reporting period and —
the registered person has not submitted a verified emissions report for the reporting period for the Agency’s approval as required by section 11(1); or
the verified emissions report submitted by the registered person is incomplete or inaccurate such that, or for any other reason, the Agency is unable to approve the same before 15 August of the year immediately following the end of the reporting period,the Agency may, to the best of the Agency’s judgment, assess the matters in subsection (1).
(3)
In making an assessment under subsection (2), the Agency may have regard to any verified emissions report (whether or not approved by the Agency) previously submitted to the Agency for the taxable facility to which the tax relates.
(4)
An assessment under subsection (2) does not affect any liability of the registered person under this Act in relation to the registered person’s failure to submit a verified emissions report or a registered person’s submission of a verified emissions report that is incomplete or inaccurate.
(5)
Upon making an assessment under subsection (1) or (2), the Agency must serve a notice of assessment on the registered person that sets out the matters in subsection (1).