The tax compromise law is not fully operational through several subjective factors

Law No. 63-VIII “On Amending the Tax Code regarding the specifics of clarifying tax liabilities for corporate income tax and value added tax in the case of a tax compromise” (Law on tax compromise), which was adopted on December 25, 2014, is a long-awaited business, positive and progressive in nature, although it has some disadvantages.

So, for example, criminal lawyers comment that it is negative that the Law does not define an exhaustive list of cases (grounds) when regulatory authorities would have the right to appoint and conduct tax audits as part of the application of the tax compromise procedure. Continue reading →