Tax Amnesty Comes into Effect as of January 2, 2025
According to Article 74 of the 2025 Finance Law, the Ministry of Finance announced today, Friday, January 3, 2025, that the tax amnesty has come into effect for all taxable individuals.
Benefits of the Tax Amnesty
To take advantage of this amnesty, the Ministry is calling on all delinquent taxpayers to present themselves at the Finance and Tax Control Revenue Offices to regularize their situation and benefit from the following advantages:
Abandonment of Penalties and Interest
- Abandonment of control and late payment penalties for heavy tax debts, provided that the amounts owed are paid in a single installment or in three payment installments over a maximum period of five years, with the first installment paid before June 30, 2025.
Reduction of Penalties for Prior Fiscal Offenses
- Abandonment of 50% of the remaining amount of penalties related to prior fiscal offenses before June 20, 2025, and surveillance fees, provided that the amounts owed are paid in a single installment or in three payment installments over a maximum period of five years, with the first installment paid before June 5, 2025.
Amnesty for Unfiled Tax Returns and Declarations
- Abandonment of penalties required under the provisions of Articles 85982981 of the Tax Code and Procedures, in exchange for the submission of unfiled tax returns, corrective declarations, contracts, wills, and permits related to registration parameters, provided that the required tax amount is paid upon submission of the declaration or registration, and before June 20, 2025.
Don't miss this opportunity to regularize your tax situation and take advantage of the benefits offered by the tax amnesty!
