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Government introduces new measures to fight tax fraud

They should address the new forms of tax evasions.

(Source: TASR)

To fight tax fraud, eliminate fraud over mineral oils or murky practices accompanying the merger of trading companies is the aim of the new action plan for the years 2017 and 2018, which the government approved at its April 26 session.

The document is authored by the Finance, Justice and Interior Ministries. It contains 21 new measures that respond to the application of practical needs, with the aim to eliminate new forms of tax frauds, the TASR newswire reported.

One of the measures seeks to prevent murky practices when liquidating trading companies. This should be achieved by the registration of incomes via electronic cash registers with online connection to the Financial Administration, the reinforcement of institutes in securing the properly, the online monitoring of goods transportation, and the ability to return non-risk parts of excessive refunds to taxpayers before the start of tax control.

The action plan also contains proposals to set up the United Analytic Centre, internal indexation of tax subjects in accordance to their reliability and cancellation of business licences due to repeated violation of the law on accounting, TASR reported.

The government will also try to eliminate evasion of excise tax from mineral oil and increase the responsibility of tax subjects for correct data stated in tax returns, statements and reports.

Part of the action plan is also the introduction of a summary report, prolongation of the period for storing tax documents in electronic and paper form to 10 years, and also prolongation of the period to launch tax proceedings to 10 years, TASR wrote.

The government also wants to extend the possibility of protecting the interests of the state in tax fields and introduce a duty for courts and state administration bodies to verify the data stated in respective registers.

The action plan also proposes extending the powers of the Criminal Office of the Financial Administration, introducing the possibility to use an agent, strengthening the personal responsibility of partners of trading companies, and authorising the Financial Administration to enter the accreditation procedure in construction.

Moreover, it wants to establish a new institution to administer the property seized in the criminal, tax and other administrative proceedings, TASR reported.

Topic: Finances and Advisory


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