Taxpayers are now able to submit amending and corrective statements for any kind of tax by paying additional tax instead of fixed fines.
This opportunity is provided in case the late initial or the amended tax return is submitted until the notification of the tax audit order or the call for additional information. In this case, a fine of 100€ to 500€ is imposed, depending on the type of accounting books kept by the taxpayer plus an interest, estimated at 8.76% on an annual basis.
If the late initial or amended tax return is submitted after the notification of the tax audit order or call for additional information results to a tax then a fine ranging from 10% to 50% of the principal tax is imposed. If the taxpayer pays this tax within 30 days from its ascertainment, then a 40% deduction is granted.