The Ministry of Economy and Finance (MEF) has announced Prakas 625 dated 10 October 2024 extends the amnesty period, under Prakas 071, for tax penalties, interest and administrative penalties with respect to taxpayer voluntarily disclosures. Under Prakas 625 a voluntary disclosure, that relates to a taxpayer position/omission taken prior to 1 August 2024, may be eligible for the amnesty provided that the disclosure is submitted to the GDT before 30 June 2025.

The Ministry of Economy and Finance (MEF) has announced Prakas 625 dated 10 October 2024 extends the amnesty period, under Prakas 071, for tax penalties, interest and administrative penalties with respect to taxpayer voluntarily disclosures. Under Prakas 625 a voluntary disclosure, that relates to a taxpayer position/omission taken prior to 1 August 2024, may be eligible for the amnesty provided that the disclosure is submitted to the GDT before 30 June 2025.

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