25. 12. 2024.
From the January 1, 2025, taxpayers have the opportunity to achieve significant relief in settling their obligations thanks to the new Law on write-off of interest on overdue tax obligations.
The law enables taxpayers to write off (delete) the accrued interest on unpaid tax obligations that were due for payment by December 31, 2024.
WHO IS ELIGIBLE FOR INTEREST WRITE-OFF?
Taxpayers who want to take advantage from the interest write-off on due tax obligations must meet two key conditions:
This applies to debtors with restructured debt as well.
If these conditions are met, all accrued interest will be written off, but only for those tax obligations where the principal debt has been paid in full.
WHAT OBLIGATIONS ARE COVERED?
Tax obligations include taxes, fees, contributions and other monetary charges determined by tax regulations that are collected and controlled by the tax administration authority.
PROCEDURE FOR EXERCISING THE RIGHT
To request interest write-off, taxpayers must submit an application to the tax authority. The application is submitted at the place of registration of the taxpayer, and the deadline for submission is 60 days from the day the law begins to apply.
The application form is prescribed by the state administration body responsible for financial affairs.
WHAT IF YOU DO NOT MEET THE CONDITIONS?
If you don'tpay the full amount of the debt in accordance with the law, your application will be rejected. If this happens, you have the right to appeal to the competent financial authority.
AUTOMATIC WRITE-OFF FOR CERTAIN TAXPAYERS
The Tax Administration will ex officio issue a decision on the interest write-off for taxpayers who, as of December 31, 2024, have only accrued interest and no recorded principal tax debt.
Taxpayers have the opportunity to start 2025 with a clean financial slate and simplified management of their obligations. Therefore, it is crucial to stay informed, prepare, and take advantage of the benefits offered by this law.
