On 24 August 2026, the National Tax Service released a comprehensive impact assessment of Law No. 1522 (Tax Relief Law) enacted in March 2026, highlighting its transformative effects on taxpayers previously subject to enforced collection measures. The law provides for conditional debt restructuring, penalty waivers up to 100% for timely adherence, and automatic suspension of precautionary measures including bank account freezes and asset seizures. As of August 2026, over 12,000 taxpayers have benefited, with BOB 2.3 billion in restructured debt and 8,450 bank accounts unfrozen.
Key Takeaways
- Automatic Precautionary Measure Lifting: The law mandates immediate release of bank account freezes upon taxpayer enrollment in a payment plan, eliminating the previous discretionary administrative process that caused average 90-day delays in account reactivation.
- Graduated Compliance Incentives: A tiered benefit structure rewards sustained compliance: 100% penalty waiver for full payment within 30 days, 75% for 60-day plans, and 50% for extended 12-month installment arrangements, with automatic revocation upon default.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement