- The government proposes changes to fiscal penalty law, introducing a scope requirement to link offense fines to the tax disadvantage related to the violation, rather than the amount not levied due to intent or gross negligence.
- The term for imposing offense fines on participants is extended, and a separate legal power is created for requesting information in fine investigations.
- Additionally, the exemption and reduced transfer tax rate for home acquisition by starters is extended to include economic ownership under certain conditions.
- The interest schemes for tax and recovery are also examined, allowing for different percentages for tax interest and charging interest, and exempting collection interest if a tax assessment is set off against another of the same type and period, with an exception for loss carry-back refunds.
Source Deloitte
