Tax evasion

Ljubljana – Slovenia exported goods in the value of EUR 3.5 billion in July, or 17.3% more than in the same month last year, while imports, also totalling EUR 3.5 billion, were up by 26%. The imports-to-exports coverage was 98.9%, as a EUR 40 million trade deficit was recorded in July, the Statistics Office reported on Thursday.

In the coming days, the government will lock its decisions to abolish the solidarity contribution to civil servants and retirees, the average reduction of 8% of ENFIA in 2022, while at the same time proceeding with smart measures to reduce tax evasion that will be returned to it next year to reduce further income tax rates.

Serbia is among several countries that have misused legislation passed to meet Financial Action Task Force, FATF, standards to combat money laundering and terrorism financing to investigate critical voices and NGOs, Reuters reported on Thursday.

Prosecutors with the central department of the Directorate for Investigating Organized Crime and Terrorism (DIICOT), together with the Romanian Border Police Inspectorate General (IGPF) and the Romanian Police General (IGPR) are currently conducting 17 searches in Bucharest and in five counties in an operation to dismantle an organised crime group consisting of over 300 persons specialising in

From today, all online purchases from outside the European Union will be subject to VAT. Until now, receiving only small shipments up to 22 euros has been exempt from tax. In addition to charging VAT, a customs declaration will be submitted for the shipments.

The U.S. will seek to extradite a Turkish businessman so he can appear before a court to face charges of money laundering, the Justice Department said on June 22. 

Sezgin Baran Korkmaz, a Turkish businessman, who has been sought for money laundering, was arrested in Austria on June 19 at the request of the United States.

Istanbul police have detained 32 people for allegedly smuggling migrants and laundering the money they made from them.

Units from the anti-migrant smuggling and border crossing department had been observing the operations of certain companies operating as tourism and travel agencies.

The National Bank of Romania (BNR) notes that the public interest in virtual currencies (also called crypto-assets) is on a steady upward trend and cautions that, in its opinion, these remain highly volatile and extremely risky speculative assets that are highly likely to cause financial loss to the investors, BNR said in a statement on Thursday.

Few experts see North Macedonia's new Register of Ultimate Beneficial Owners as a silver bullet in an uphill fight against corruption, money laundering and tax evasion.