Internal Revenue Service
Tax authority: Romania no longer among EU states to experience tax gap widening
Romania is no longer among the countries that experience the widening of the tax gap, said the National Tax Administration Agency (ANAF), referring to the European Commission's recent VAT Gap report. For Romania, the figures show that the fiscal gap remained approximately steady at 35.8 percent in 2016 and 35.5 percent in 2017 (the numbers are rounded off to 36 percent for both years).
Tax declaration deadline ends on Monday
Monday is the last day for taxpayers in Greece to submit the declarations of their 2018 incomes, with the fine for delays ranging from 100 to 500 euros.
According to official figures, more than 6 million declarations were submitted by Sunday, with around 150,000 still pending even though the Finance Ministry recently ruled out the possibility of a further extension.
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Elections put off submission deadlines
The Finance Ministry has extended the deadline for the submission of tax declarations and is about to do the same for applications to enter the payment programs for debts to the state and the social security funds, due to the general election next month.
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Debt pay plan to depend on participation
Over 3.9 million citizens have debts to the tax authorities, according to data published on Friday by the Independent Authority for Public Revenue. It remains to be seen how many of them will enter the new payment plan for up to 120 tranches and what amount they will decide to pay.
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The Deadline for Submitting Tax Returns in Bulgaria Expires Today
Today is the last day for filing the declarations of individuals and payment of their income tax received in 2018.
Overdue arrears to the state shot up in February
State debtors' expectations of a new settlement plan, the fact that taxpayers' resources are increasingly drying up, and unpaid fines sent new overdue arrears generated this year to 2.038 billion euros by the end of February, according to data from the tax administration.
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Both revenues and spending miss targets
State revenues failed to make the target in the very first month of the year; whispers of revenue fatigue in the corridors of the Finance Ministry are now fully reflected in the official figures issued on Friday by the State General Accounting Office.
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Asset register by end of March
Taxpayers will have to declare all their deposits, real estate assets, bonds, cars and cash to tax authorities in 2019.
The electronic register of assets, known as the Periousiologio in Greek, will start operating at the end of the first quarter of the year and 8.5 million taxpayers will need to fill in a declaration form listing the entire set of their assets.
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Middle class bear brunt of taxes
Greece's beleaguered middle class is yet again set to bear the brunt of the government's tax policies in 2019.
This has been made abundantly clear in Greece's first post-bailout budget, according to which there will be no easing of pressure on people making more than 15,000 euros per year in taxable income.
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One bank account seized each minute
The country's tax authorities have been performing 52 confiscations an hour, or almost one every minute, seizing the bank accounts of salary workers, pensioners and corporations.
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