As of December 31, 2019, through the publication in the Official Journal "La Gaceta" of the Legislative Decree number 171-2019 which contains the "GENERAL BUDGET OF INCOME AND EXPENDITURES OF THE REPUBLIC, FISCAL YEAR 2020", in publication number 35,137, the validity of Legislative Decree number 51-2018 is extended, which is known as Tax and Customs Amnesty.

VALIDITY PERIOD OF THE DECREE:

Within the provisions of the General Budget of Income and Expenditures of the Republic, in its article 261, the validity of Legislative Decree number 51-2018 and its amendments is extended until March 31, 2020, term within which, the taxpayers of the different tax and customs obligations may avail themselves of the benefits of the amnesty, these being applicable to the obligations and payments that had to be made before December 31, 2017, on the tax or customs obligations relating to the fiscal periods in the internal taxes corresponding to the years 2013, 2014, 2015, 2016 and 2017; and, fiscal periods in customs taxes corresponding to the years 2014, 2015, 2016 and 2017.

BENEFITS GRANTED BY AMNESTY:

The taxpayer who pays the corresponding value of the taxes shall be exempted from interest, surcharges and fines, as applicable. This allows, the taxpayer to present without administrative penalty for the extemporaneous fulfillment of the obligation, the declarations, make notifications of any kind and tax declarations, among others, regarding obligations and payments that had to be made before December 31, 2017; also, make rectifications to declarations, whether tax or customs, including manifestos and any type of customs documents.