Tax

Serbia makes progresses in preventing money laundering

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.

The Introduction of the Unified Tourist Information System in Bulgaria Begins

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.

Scores of violations by fuel stations

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.

Tax system disparities fuel evasion

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.

Tax authorities perform 19 confiscations per hour

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.

Special Criminal Court Imposes Four Years Imprisonment on Members of Organised Crime Group

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.

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