November 16, 2018 Honduras extends amnesty program Because of the extension, taxpayers still have time to apply for the tax amnesty. Taxpayers should review the Decree to determine if they are eligible for the amnesty program. On October 6, 2018, Honduras published, in the Official Gazette, Decree No. 51-2018, which extends the deadline for taxpayers to apply for the tax amnesty program for 60 business days, starting from the day of its publication. In general, the amnesty program allows taxpayers to file tax returns and information returns, and to modify returns already filed without the imposition of penalties, surcharges and interest on taxes incurred up to December 31, 2017. Additionally, taxpayers can obtain a certificate or final stamp from the tax authorities by making a payment of 1.5% of the gross income for the year that registered the highest gross income according to the annual income tax returns for the years 2013, 2014, 2015 and 2016 (Regularization Period). Taxpayers must file a request with tax authorities (and customs authorities if the taxpayer has filed customs returns) to make this 1.5% payment and obtain the certificate or final stamp. Once the taxpayer pays the 1.5%, the tax authorities (and custom authorities, if applicable) can no longer carry out an audit for the tax years included in the Regularization Period. ———————————————
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