New Decision for reductions on realization and late payment penalties

Friday, February 15, 2019 - 13:15

Kindly find attached Minister of Finance Decision No. 78/1 dated 15 February 2019 which provides reductions on tax penalties until 30 June 2019. This decision cancels all previous decisions.

This decision covers violations occurring until 6 November 2018 (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%.