Gov't to present new tax legislation by Sept.

The finance ministry will present a draft tax legislation by next September aimed at changing tax rates on legal entities, property and tax-exempt incentives, under a national programme to combat tax evasion, unveiled on Monday. The aim of the draft bill is to rationalise extreme cases of sanctions and to abolish sanctions for bureaucratic reasons, seeking to establish a climate of confidence between taxpayers and tax authorities.
Under the plan, the ministry will seek to collect outstanding tax debts totaling 40 billion euros, of which 10 billion euros were characterised as collectable.

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