Amnesty reactivated

The draft approved in 2011 had expired on March 31st 2012, but with the votes of the majority it returned again and will be on effect until December 31st.

The law foresees the pardon of debts that businesses have to the state, based on some fees.

For debts until 2009, businesses will pay only 30% of the obligation and the rest will be pardoned, together with the fines.

For the debts of 2010 50% of the obligation will be paid. The law allows businessmen to legalize assets by paying a 3% fee from the difference between the declared and real price.

For reassessing machineries and equipments that have been declared with low prices, the fee is 5%.

For individuals or businesses who want to legalize undeclared capitals coming from evasion or other ways, the state will take 3% of the value.

The law pardons a series of other obligations, but this will be made automatically by the administration. The law for the fiscal amnesty has been in effect for more than one year from 2011 to 2012, but it failed after business didn’t show interest, especially for declaring hidden capitals.

One of the reason on that time was the lack of security, because the amnesty did not reach political consensus to change the penal code that pardons evasion.

With today’s vote, after the political consensus was not reached again, the government reactivated the same law that failed one year ago.

This fades hopes for success for this amnesty, object of which is electoral profit than the real formalization of economy.

Top Channel