By: Flor Sanchez
Through a legislative decree, the SPECIAL AND TRANSITORY LAW was approved, which grants facilities for the voluntary compliance of tax and customs obligations.
From this decree, we can highlight the main benefits that will be granted to all taxpayers, according to the following detail:
- A term is granted until December 10, 2021, to make the payment of taxes and filing of omitted and amended returns for previous tax periods or fiscal years, or registered merchandise returns, whose date or term to settle has expired on June 30, 2021.
- These filings or payments will exempt those who make them from the payment of interest, purposes, and surcharges on the same tax periods and fiscal years that include their expiration and liquidation on June 30, 2021.
- Those taxpayers who are in proceedings under the jurisdiction of the General Directorate of Treasury, General Directorate of Customs, debts duly certified to the Attorney General's Office of the Republic, may also take advantage of the benefits of the amnesty.
- Taxpayers who have declared a higher value of remainder or other benefits higher than what corresponds to them, may also make such modifications and pay the tax owed to the Treasury, without surcharges of fines and interest.
Payments may be made in cash, cashier's, manager's or certified checks, credit notes from the Public Treasury, accepted credit or debit cards, and by presenting the corresponding tax or merchandise returns.
Additionally, payment in installments may be requested, where the taxpayer must initially pay 10% of the required debt. This decree will become effective as from its publication in the Official Gazette, which has not been made as of this date.
In case your company needs advice, please contact LatinAlliance at info@latinalliance.co