The adverse effect, as noted by David Kapianidze, Head of Tax Law Practice, BMS Law Firm, will be visible if such amnesties are done on a regular basis, then it will be easier not to pay and just sit and wait for your debts to be written off. Still, as a one-time measure this proposal is quite reasonable.
The overwhelming majority of these debts fall within the category of bad debts, explains David Kapianidze, so it will not result in any losses for the state budget. On the contrary, if these debts are written off, no financial and labor resources by the state will be wasted.