New Tax Amnesty – Learn about its benefits

By: Mgtr. Luis Oscar Pitti

According to the text of the Law, taxpayers, natural and legal persons, as well as real estate, delinquent in the payment of taxes, fees and special taxpayers as of January 31, 2021, may benefit from the tax amnesty period, according to the following parameters:

1. Natural persons, legal entities and real estate that are in default, including those taxpayers that maintain payment arrangements at the entry into force of this Law, both in administrative collection and coercive collection without prejudice to the precautionary measures that have been adopted.

2. Withholding agents and other persons responsible for taxes.

3. Taxpayers who have pending processes for additional settlements, ex officio encumbrances or for any payment requirement before the DGI.

The tax amnesty period runs until August 31, 2021.

It is established that the declaration of late improvements will not cause a fine, if the taxpayer presents to the Public Registry a deed on the improvements built or additional improvements not declared, extending this prerogative until December 31st, 2021.

Due to the COVID-19 pandemic, a discount benefit of 5% of the total amount to be paid for income tax and estimated tax is implemented for all taxpayers whose gross income does not exceed $2,500,000, with respect to their tax return. of income for the fiscal period 2021, provided that they pay these taxes within the four months following the entry into force of the Law.

Similarly, a discount benefit of 10% of the property tax is granted to the taxpayer who, within the first quarter and no later than the last day of April 2021, makes the payment of the entire property tax corresponding to this year. .

Finally, the regulation that presents the most benefit for taxpayers is that from the entry into force of this Law 208 of 2021 until December 31, 2021, the remission of 75% of the fines charged in the system is authorized and -tax 2.0 to taxpayers who within this period pay 25% of the fines they have in their checking account, identifying exhaustive causes so that the taxpayer can benefit from this tax incentive.