This Public Clarification, TAXP001, details amendments to the administrative penalties regime under Cabinet Decision No. 49 of 2021, which modifies Cabinet Decision No. 40 of 2017. The clarification explains reduced fixed penalties and outlines new calculation mechanisms for specific violations listed in the tables appended to the original decision. Key changes affect penalties for late payment of tax, submission of incorrect tax returns, and the failure to make a voluntary disclosure. It clarifies the time-based, percentage-based penalties for voluntary disclosures, which incentivise timely correction of errors, in line with the violations listed under Article 25 of the FTP Law.