Beta Version

Website Last updated:

May 15, 2026

Article 180 addresses the accuracy of tax filings. If a taxpayer fails to declare their correct income in a return, the Chairman can impose a fine ranging from 1% to 25% of the tax difference between the correct income and the reported amount. Notably, if a subsequent objection or court ruling reduces the original assessment, this fine must be adjusted accordingly. This provision penalizes under-reporting of income while ensuring the penalty remains proportionate to the final, legally determined tax debt, discouraging both negligence and intentional misrepresentation in tax returns.

Part 7 - Penalties and Punishments

Chapter 1 - Administrative Penalties

Article 180

[GTL Notes: Penalties - Incorrect Declaration of Income]

Where the taxpayer fails to declare correct income in the return of income, the Chairman may impose a fine not less than (1%) one percent and not exceeding (25%) twenty- five percent of the difference between the amount of tax on the basis of the correct taxable income of the taxpayer and the amount of tax as per the return submitted.

The value of the imposed fine in the case of reduction of the assessment conducted by the Authority shall be amended by in application of Articles 161 , 148 bis, 170 bis, or 177 of this Law.