The partnership faces an additional turnover tax assessment due to a balance sheet debt at the end of the financial year. The assessment was imposed based on the sales tax balance sheet debt for 2016, which was included in the 2017 tax return of one of the partners. The court ruled that the assessment was correctly imposed, and the partner cannot rely on generated trust to dispute it. The possibility of bankruptcy of the partnership is not considered relevant in this case.
Source Taxence
