Insights

TAX AND CONTRIBUTORY DEBT RELIEF

07/10/2013

On the 3th of October of 2013 the Council of Ministers approved a temporary and exceptional regime for the settlement of tax and social security debts.

The "debt relief" allows the non-payment of default and compensatory interests, administrative costs, and the reduction of the applicable fines if the taxpayer settle the debt until December 20, 2013.

According to the official statement, the Council of Ministers will also approve new measures to combat tax fraud and tax evasion to be applicable at the beginning of next year.

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