Law 401 of 2023, enacted through the Official Gazette of Monday, October 9, 2023, which creates transitory measures for tax recovery and a special transitory treatment of abbreviated tax audit, management, and tax debt. You can access the law by clicking on the link provided here.
1) Tax Regularization
The Law grants the following tax incentives:
2) Statute of Limitation of Official Letter for debts from 2015 or earlier
Declaration of ex officio statute of limitations of debts for tax obligations of administration of the General Directorate of Revenue that are reflected in the taxpayer’s current account that correspond to fiscal years of 2015 or previous concerning:
3) Transitional Abbreviated Inspection Procedure
This procedure involves skipping the adjustment discussion phase during an inspection and directly incorporating the technical evaluation. The abbreviated inspection applies to the following taxes:
The period to take advantage of these tax benefits ends on November 30, 2023, however, the General Directorate of Revenues has the power to extend it for an additional 30 days.
If you would like more information to take advantage of the tax benefits of this law, do not hesitate to contact your lawyer or Mr. Juan Raul Sosa (email@example.com), tax attorney of our firm.
Juan Raúl Sosa V.