Press Release: Clarifications on 25% discount

To dispel doubts about the 25% deduction on established debts to the tax administration, it is clarified that:

 

- VAT and withholding tax liabilities certified by the tax administration and payable from 30/3/2020 to 30/4/2020 which are not regulated / facilitated (partial payment), will not be subject to a 25% discount or any other discount.

 

- Payment of VAT payable from 30/3/2020 to 30/4/2020, in two installments by activating the relevant option in filing the VAT return (code 523) and has not been subject to any regulation / facilitation (partial payment) , is not subject to a 25% discount or any other discount.

 

To facilitate taxpayers who wish to pay March debts falling under the 25% discount regime under Legislative Content Act of 30-3-2020 (Government Gazette A 75), the Ministry of Finance will issue a decision extending the payment by the deadline until on Friday 10 April 2020.

 

Finally, there will be provision for taxpayers who have paid the full amount of debt on 30-3-2020 and 31-3-2020 and are entitled to a 25% discount under the relevant Legislative Act.

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Analog Group

Tax Department