Collection authorities-in-charge shall review, assess and reach a conclusion within one year from its receipt of the documents and reports submitted by the Applicant or its agent in accordance with Article 24. When reviewing and assessing the application, if necessary, the collection authorities-in-charge may inquire the Applicant or its agent, or request it to provide supplemental data or documents.
If under special circumstances, an extension of the review and assessment period is necessary, the collection authorities-in-charge shall notify the Applicant or its agent before the expiration of the aforesaid period. The extension period shall not exceed six months. If necessary, another six-month extension is allowed. However, the aforesaid review and extension period is not applicable when an application involves bilateral or multilateral advance pricing arrangement under tax treaties.