Article 70 - Writing off Tax Liability and Penalties

For purposes of Article 79(d) of the Income Tax Law, tax liability and penalties shall be waived by a decision of the Minister in the following cases:

1. Bankruptcy of a taxpayer pursuant to a judicial ruling.

2. Death of a natural person and proof that there was no property left to recover the debt.

3. Absence of movable or immovable property of a liquidated capital company to recover debt.

4. Debt amounts for which all recovery actions have been undertaken without success.