ARTICLES  

Extension of the law regulating the settlement of overdue taxes

The Law Regulating the settlement of overdue taxes has recently been amended and it provides for a six-month extension to the deadline for the submission of applications for relief from interest and penalties for tax years up to and including 2015. The application deadline is extended from 3 July 2018 to 3 January 2019.

In order to be eligible to apply the taxpayers must submit their tax returns up to the tax year 2015 by 31 December 2018 and must not have any other tax liabilities outstanding.

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