If the taxpayer submits an incorrect tax declaration and the differences between the final tax and the tax based on the tax declaration is more than 10% of the tax value referred to in the tax declaration, then the taxpayer shall pay a fine of 25% of the value of such differences. If the taxpayer has corrected the mistake voluntarily before being discovered by the Tax Department, then the fine shall be reduced to 10%.

The imposition of such fines shall not contradict with late payment penalties under Article 32 herein.