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 Tax
on Individuals : Delay Fines and Penalties
a. A delay fine:
A delay fine of 10 percent of payable tax is imposed on the taxpayer for
late filing and payment, 6-15 days late. The fine becomes 25 percent of
payable tax for any delay further than that.
b. Evasion Penalty:
The evasion penalty is imposed if it becomes clear that the taxpayer has
willfully concealed facts, which could increase tax liability, And it is
25 percent of additional taxes assessed.
c. Other Penalties:
In case of refraining from paying tax payable, or in case of tax evasion
or helping others evade taxes, other penalties may be applied. These penalties
may include ceasing activity temporarily or permanently, stopping the person
from leaving the country, or disallowing transferring money abroad until
payable amount is paid.
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Brief Information on DZIT
