Article 118 - Obvious Errors

(1) The Tax Department may amend a return, by notice to the QFC Entity that filed the return, to correct obvious errors or omissions in the return whether errors of principle, arithmetical mistakes, or otherwise.
(2) No correction under this Article may be made by the Tax Department more than 4 months after—
(a) the day on which the return was filed; or
(b) if the correction is required in consequence of an amendment by the QFC Entity under Article 116, the day on which that amendment was made.
Amended (as from 18th June 2014)