If I face a tax penalty, is settlement possible?

Yes. The pre-assessment and post-assessment settlement mechanisms can significantly reduce penalty and late-payment burdens; and where settlement is not reached or not chosen, the reduction-in-penalties provisions of the Tax Procedure Law (No. 213) or an action in the tax court remain open. These routes are alternatives to one another, and each runs on a short statutory clock: a missed deadline forfeits the right instead of postponing it, which is why the file is worth assessing as soon as the notice arrives. Depending on your file, we compare the settlement and litigation strategy and choose together the path with the lowest total cost.