On 4 August 2019, the Ministry of Finance issued Decision No 484 of 2019 in the Official Journal. The decision entered into force on 5 August 2019. The decision sets interest rates on unpaid taxes amending the Implementing Regulation to the Income Tax Act with regard to late interest penalty payments.
According to the decision, interest will be calculated after the day of tax return deadline until the payment date. It is also clarified that a challenge or appeal against a tax assessment does not affect the interest liability.
