Fiscal subject related
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Next, taxpayers who keep, use, or transport goods not accompanied by tax documents are penalized as follows:
- Taxpayers who are registered for personal income tax from business or self-employment but are not registered for VAT, as well as other taxpayers, face a fine of ALL $25,000;
- Taxpayers who are registered for personal income tax from business or self-employment, as well as VAT, face a fine of ALL $50,000, but no less than the amount of the missing VAT.
- Taxpayers who are registered for corporate profit tax face a fine of ALL $750,000, but not less than the value of the missing VAT, and
- Individuals who engage in unregistered commercial economic activity face a fine of ALL $50,000.
In addition, taxpayers who fail to issue invoices for the second time in a year face a fine of ALL 50,000 for natural persons, ALL 100,000 for VAT-registered natural persons, and ALL 500,000 for corporate taxpayers.
Finally, a taxpayer who obstructs a tax audit or investigation by the tax administration faces a fine of ALL $100,000 for commercial or self-employed natural persons and ALL $1,000,000 for legal entities and high-asset individuals.
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