# Tax amnesty

 

## Description

A limited-time offer by a government to a specified group of taxpayers to pay a defined amount, in exchange for forgiveness of a tax liability (including interest and penalties) relating to a previous tax period(s), as well as freedom from legal prosecution.

\[Baer, K. and E. LeBorgne (2008), *Tax Amnesties: theory, trends and some alternatives*, Washington DC: International Monetary Fund.\]