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FinMin Petrescu: New Tax Procedure Code reduces delay penalties, introduces failure to file penalties

Penalties for the late payment of tax contributions will be reduced from 0.03 pct to 0.02 pct per day, while on the other hand, penalties for failure to file tax liabilities will be introduced in the future Tax Procedure Code, Public Finance Minister Ioana Petrescu told a conference on taxation this Friday. 'We want respect for the honest taxpayer, while being tough on persons who evade taxation. Up until now, delay ...

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