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G/LIC/N/2/KHM/34 October 2022 (227461)Page: 1/3Committee on Import LicensingOriginal: EnglishAGREEMENT ON IMPORT LICENSING PROCEDURES NOTIFICATION UNDER ARTICLE 5.1 TO 5.4 OF THE AGREEMENT 1 KINGDOM
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An extension refers to the additional time granted to file a tax return or required document, while an amendment is a change or correction made to a previously filed document, usually to address errors or omissions.
Individuals and businesses that need more time to file their tax returns or need to correct previously submitted tax returns are required to file extensions and amendments.
To fill out an extension, you typically need to complete the designated form for your tax jurisdiction, providing necessary information such as your name, tax ID number, and estimated tax liability. For amendments, you fill out the amendment form, indicating the changes you are making and providing relevant supporting documentation.
The purpose of an extension is to allow taxpayers additional time to prepare and file their tax returns, while the purpose of an amendment is to rectify errors, adjust figures, or provide additional information for an already filed tax return.
Information typically required includes taxpayer identification, the period of the return being extended or amended, original amounts reported, corrected amounts, and any additional documentation that supports the changes or the new deadline.
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