Tax

The Greek tax administration is trying to trace any suspicious transactions that may conceal money laundering through the new E3 tax declaration form.

The Council of Europe's body for preventing money laundering and the financing of terrorism, MONEYVAL, has released a statement saying that Serbia has progressed in meeting recommendations in the area, but that it will remain under a regime of heightened supervision and that it is supposed to hand in a new progress report in December 2019.

It will exchange data between the Ministry of Tourism, the municipalities, the tax authorities and the Ministry of Interior, reported NOVA TV. 

The introduction of the Unified Tourist Information System begins. It will exchange data between the Ministry of Tourism, the municipalities, the tax authorities and the Ministry of Interior.

The inflow-outflow monitoring systems at fuel stations show that about one in three enterprises inspected in the sector have broken the law.

Of the 546 gasoline stations that the tax administration inspected in 2018, 181 had committed some form of violation, as indicated by the inflow-outflow system and the processing of additional data.

After processing this year's tax declarations, the Independent Authority for Public Revenue is expected to demand an additional 3.7 billion euros from some 3 million taxpayers, even though this year's tax statements for 2018 incomes will lead to tax rebates and handouts adding up to around 3.5 billion euros.

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.

Tax authorities are averaging 19 confiscations per working hour in response to taxpayers' failure to meet their obligations.

According to 2018 data published by the Independent Authority for Public Revenue, revenues from confiscations and debt settlements hit an all-time high of 5.55 billion euros last year.

The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Feb. 13.

The Special Criminal Court today imposed four years imprisonment under an initial general regime on four members of an organised crime group involved in VAT tax evasion, said the press office of the Appellate Prosecutor's Office. Forfeiture of cars and half of their properties was imposed on each of the four defendants.

By the end of March tax authorities intend to have released hundreds of thousands of bank accounts belonging to state debtors, provided that the latter have entered a payment scheme. Over the same period the tax administration will also have to pay off all outstanding tax rebates delayed by more than 90 days.