+123 456 7890
10:00 - 19:00

Stricter fines and penalties for tax evasion

The country’s tax administration is planning a new, much stricter fines system for businesses and the self-employed, given that the fines currently incurred by those who do not issue receipts amount to little more than a slap on the wrist, as the Finance Ministry’s inspectors realized during inspections conducted mainly this summer at tourism destinations. […]

Tax agency has big plans but a shortage of inspectors

The state is turning its inspection focus on the 2012-16 period, with the Independent Authority for Public Revenue – the former General Secretariat for Public Revenue at the Finance Ministry – planning 23,300 checks on taxpayers and corporations in 2017, even though it does not have enough employees to conduct them.