(1) Within 60 days of the amendment to a return under Article 124(2)(b), the date of service of a notice of assessment under Article 128 or any other matter which may be appealed under these Regulations or the Tax Rules, a QFC Entity may by notice in writing to the Tax Department, appeal against the amendment, assessment, decision or determination.

(2) A notice under Article 133(1) shall state the grounds of appeal.

(3) All appeal proceedings under these Regulations and the Tax Rules shall be brought before The Regulatory Tribunal.