The tax procedure underwent a reform at the end of last year, with notable changes in assessment and investigation periods as well as the introduction of special deadlines for complex declarations and international situations. The law also includes a section on harmonizing tax interest rates, which reduces late payment interest on VAT from 9.6% to 8%, but still maintains a significant difference with income tax rates. The tax authorities continue to enjoy a more favorable rate than taxpayers, with moratorium interest rates being harmonized across all taxes at 6% for VAT and 2% for income taxes. These interest rates will be updated annually from 2024, but the new rates will apply from January 1, 2023.
Source DVP-law
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