23VAC10-120-390. Supplemental reports.
A. Audits. During the course of an office or field audit the department may request additional information if the auditor determines that the information is necessary to compute the tax. For example, when an adjustment is contemplated under § 58.1-446 of the Code of Virginia, the department will ask for a copy of the federal return of the Domestic International Sales Company.
B. Penalty. If the additional information or supplemental report is not supplied within a reasonable time after written demand, the penalty under § 58.1-450 of the Code of Virginia may be imposed.
Statutory Authority
§§ 58.1-203 and 58.1-449 of the Code of Virginia.
Historical Notes
Derived from VR630-3-449, eff. January 1, 1985.