The new Tax Code, which is in public consultation, streamlines the rules relating to their loss to . What is currently in force and under Memorandum Law, should the Head of each IRS store check at any time not only whether each debt arrangement is up to date, but also whether all declarations have been made and no new maturity has been created. This arrangement ‘falls’ if a declaration is found not to be submitted or a new outstanding debt that may have occurred due to a delay – even one day – in its payment. These very strict provisions of the law have resulted in thousands of debtors having to lose their arrangements for reasons that do not concern their own timely repayment but due to delays – often a few days or even a few hours – of settling other tax obligations. This framework, with the new law, changes, moving towards a central digital system of standardised monitoring of these obligations, without human intervention. The above may be paid and settled debts not included in the arrangement within 3 months in order to avoid the loss of the arrangement. At the same time, an early warning mechanism is introduced for the imminent loss of regulation. Therefore: all the conditions for compliance with the regulation will be monitored digitally and centrally, If the taxpayer does not comply with any of the conditions, he will receive compliance notices so that in a reasonable time he can settle the outstanding outstanding issues he created, If it does not, the loss of regulation will be done by central process rather than by each local Chief of DOU. Therefore, the new framework introduced ‘armors’ the seamless repayment of the arrangements, strengthens tax revenue, automates the process and strengthens transparency between the debtor and the tax authority.
IRS: What changes regarding the loss of debt arrangements
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