Tax

By Sotiris Nikas

The Finance Ministry plans to cancel the tax registration numbers of any taxpayers or enterprises that do not pay their due taxes as the government attempts to further contain its revenue losses.

By Thanos Tsiros

Greek enterprises will have to pay more than twice as much corporate income tax this year as in 2013, as the Finance Ministry has issued demands for 3.8 billion euros to the 230,000 companies that have submitted their declarations – i.e. a 125 percent increase from last year.

BELGRADE - The Serbian parliament adopted on Thursday a set of amendments to the law on tax procedure and administration, which should improve the efficiency of the Tax Administration.

The amendments raise the fines on tax offences putting them between RSD 100,000 and RSD 2 million.

BELGRADE - Serbian Finance Minister Lazar Krstic announced on Thursday that the Tax Administration will be depolitised, noting that the institution was used as a political instrument in the past.

BELGRADE - Finance Minister Lazar Krstic said on Thursday that in the next two to three years the share of the grey economy in Serbia's overall economy could shrink from 31 percent to around 24 percent of GDP, bringing EUR 600-700 million in budget revenues.

Minister: Tax evasion will no longer pay off

BELGRADE -- The new tax law marks the beginning of an aggressive campaign against the grey economy, tax evasion and under-collection of tax revenues, says Lazar Krstić.

BELGRADE - The new tax law marks the beginning of an aggressive campaign against the grey economy, tax evasion and under-collection of tax revenues, Serbian Finance Minister Lazar Krstic said Tuesday.

Tax payables and fines have been removed from the list of items that would see amnesty as part of a draft omnibus bill, following criticism by the finance minister on June 30.

Finance Minister Mehmet Şimşek has said he supports an omnibus bill by his party, which include a wide range of tax amnesties, despite the fact that he was personally against such implementations.

By Ioanna Fotiadi

“I’m in Greece for a week and instead of going on holiday, I’ve been spending all day at the tax office,” says a Greek man who works in Germany. “And the worst of it is that I’ll end up being taxed twice.”