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EFFECTS DERIVED OF THE AMENDMENT OF A TAX RETURN DURING AN ADMINISTRATIVE PROCEDURE

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EFFECTS DERIVED OF THE AMENDMENT OF A TAX RETURN DURING AN ADMINISTRATIVE PROCEDURE

Tax procedure

Amendment of tax returns during the conduction of an administrative procedure would trigger statutory interests plus 2 points instead of statutory interests

 

This would be a favorable change in the legislation, as statutory interest rate is lower than the default interest rate.  If the bill passes thought the Congress the measure would apply to ongoing procedures.