The Fiscal Procedure Code saw several important amendments in 2013, one of which was related to the late payment penalties system. More specifically, for liabilities with due date after 1 July 2013, the fixed penalties of 5% and 15% (depending on the length of the delay) have been abolished and replaced by a new rate for penalties of 0,02% per day.
Changes to the Fiscal Procedure Code have also been proposed for 2014, as set out in draft legislation which has recently been published by the Ministry of Public Finance. One of the most important provisions is the introduction of the option to have tax returns certified by an authorized tax consultant (certification would remain compulsory for rectifying tax returns). The draft also contains provisions related to the procedure for solving VAT reimbursement tax returns. Other amendments included in the draft proposal are related to procedural aspects for inactive taxpayers, garnishment of taxpayers’ accounts as well as details relating to the settlement date for compensation of claims. It remains to be seen, however, which of these proposals will be approved by the tax authorities and what final form the legislation will take.
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