The Ministry of Finance has changed legislation due to the low success that the tax amnesty program has had. Few have taken advantage of the program, which began in March and ended in November.
In the first four months, only 50 million euros were collected. This is only 2.5% of what the government hoped. This situation has led the Ministry of Finance to remove two of the legal barriers, which are creating more suspicion than interest. In short, people are wary of being accused of tax evasion and going to jail. This decision is an alternative to a measure that, if successful in the short term, would cause a lot of long-term anxiety. Giving people a tax amnesty option with no legal repercussion would increase the likelihood of citizens using the program.
The modification of the law responds to the latest attempt to avoid the tax amnesty program ending in failure.
