Today, the Council of Ministers approved a draft law amending some provisions of the Unified Tax Procedures Law promulgated by Law No. 206 of 2020.
The amendment stipulated the addition of two new articles numbered (75 bis), and ( 75 bis 1) to the Unified Tax Procedures Law, and they will be effective from the day following the date of publication in the Official Gazette, as the amendment allows the Minister of Finance or his authorized representative to reconcile crimes stipulated in this law, or the tax law, that are not subject to tax dues, in exchange for paying compensation. It shall not be less than half of the minimum fine stipulated therein, and shall not exceed double this limit, before filing a criminal lawsuit.
The right to reconciliation by filing a criminal lawsuit shall not be forfeited if compensation equal to the minimum fine but not exceeding three times this amount is paid. The penalty is before a ruling is issued on the matter. If a final ruling is issued, he may reach a settlement in exchange for paying compensation equivalent to four times the minimum fine and not exceeding its maximum fine. In all cases, payment shall be made to the treasury of the Tax Authority or to whomever authorized by the Minister to do so.
The amendment also stipulates that the Minister of Finance or whomever he delegates may reconcile the crime stipulated in Article (135) of the Tax Law. Income issued by Law No. 91 of 2005 in exchange for compensation equivalent to (12.5%) of the amounts that were not deducted, deducted, collected or provided.
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