Tax mechanism wary of elections

The pre-election period and the uncertainty among citizens could create the conditions for a new generation of overdue arrears, and generally harm efforts to promote a tax-paying culture, according to the business plan of the Independent Authority for Public Revenue. It also provides for bankrupt entrepreneurs to make a new start, leaving behind past debts simply with the payment of a guarantee to the tax authorities.

The authority's plan for 2019 includes an analysis on the external challenges the tax administration may face this year which could affect its ability to meet the collection targets set.

The analysis makes special reference to the consequences of the pre-election period that could constitute a catalyst regarding the course of the fiscal figures and indexes.

The IAPR notes that the runup to the elections "generates uncertainty for citizens, which...