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(1) The Commissioner-General shall assess the interest and penalties for which a person is liable under this Act.

(2) Liability for interest and penalties with respect to a particular failure or statement is calculated separately for each section of this Act.

(3) The imposition of interest and penalties under this Act is in addition to any other tax imposed by a tax law and does not relieve a person from liability to criminal proceedings.

(4) Despite subsection (2), where a person incurs an interest or a penalty both under this Act and another tax law, the Commissioner-General shall assess the person under one tax law only, that the Commissioner-General chooses.

(5) Where an assessment is made under this section, the Commissioner-General shall serve a written notice of assessment on the person stating

(a) the name of the person and the Taxpayer Identification Number of that person;

(b) the assessment of the interest or penalties by the Commissioner-General;

(c) the manner in which the interest or penalty is calculated;

(d) the reason why the Commissioner-General has made the assessment;

(e) the date by which the interest or penalty is required to be paid; and

(f) the time, place and manner of objecting to the assessment.

(6) An assessment made under this section is an original assessment.

(7) A notice of assessment under subsection (5) may be incorporated with another notice of assessment under a tax law.