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Rate of tax fraud starts to drop

The Financial Administration of the Slovak Republic reports that the number of cases of tax fraud has started to decline, with the mafia’s ability to commit tax fraud having been narrowed, the Pravda daily reported on April 20.

The Financial Administration of the Slovak Republic reports that the number of cases of tax fraud has started to decline, with the mafia’s ability to commit tax fraud having been narrowed, the Pravda daily reported on April 20.

From October 2012 to February 2013, VAT fraud via guarantees or VAT refunds dropped by 7.1 percent. The reason for the lower VAT refunds is attributed to recent legislative changes and slower economic growth.

After economic revival the elimination of tax evasion should bring several hundreds of millions of euros to state coffers, Pravda wrote.

Source: Pravda

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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