The law on the write-off of interest rate on overdue tax liabilities has entered into force. As CdM has already written, its application will begin on 1 January 2025. Taxpayers who submit all tax returns that are due by 31 December 2024 and within 60 days from the date of application of this law in full settle the basic tax debt will be allowed to write-off of the interest rate.
This law, along with the previously implemented reprogramme of tax claims, is another of the measures undertaken by the Ministry of Finance and the Tax Administration with the aim of more efficient management of tax debt, encouraging more orderly settlement of tax obligations, and providing support to taxpayers to settle tax dues despite difficulties in business, according to the Law, the Tax Administration has stated.
The Administration has noted that the form of the request for write-off of interest rates on tax claims will be prescribed by the Ministry of Finance within 60 days from the date of entry into force of this law.
