- Limitations on Late Payment Penalties: Late payment penalties are now capped at 100% of the original tax due, providing clearer constraints on taxpayer liabilities.
- Out-of-Court Settlement Mechanism: Taxpayers can now utilize an out-of-court settlement option to pay a reduced indemnity, ranging from 50% to 200% of the legal fine, to avoid criminal prosecution in tax matters.
- Negotiation Options in Legal Proceedings: Taxpayers involved in ongoing legal proceedings can negotiate compensatory payments based on the timing of the case, with amounts set at 1.5 times the minimum fine before judgment, 3 times after judgment but before final conviction, and 4 times post-conviction. Additionally, companies can regularize VAT or payroll withholding failures by paying 12.5% of the uncollected or unremitted amounts, plus any penalties. Taxpayers also have a six-month window to file overdue returns or amend filings from 2020 without penalties.
Source Orbitax
