New Decision for reductions on realization and late payment penalties

Tuesday, October 30, 2018 - 11:30

Kindly find attached Minister of Finance Decision No. 1583/1 dated 30 October 2018 which provides reductions on tax penalties until 31 December 2018. This decision cancels all previous decisions.

This decision covers violations occurring until its publication date in the official gazette (inclusive).

As per Article 5 of this Decision, proportional realization penalties are reduced by 85% while lump-sum realization penalties are reduced by 60%.

As per Article 7 of this Decision, late payment penalties are reduced by 75%.