Income tax audit
Turkish tax authority fine tobacco firm $181 mln
The Turkish tax inspection authority has imposed a record fine of 6 billion Turkish Liras ($181.2 million) on a tobacco manufacturer over unreported revenue as part of a major audit into large taxpayers by the Treasury and Finance Ministry.
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2024 tax returns: the extension, the new deadlines and what to watch out for
The percentage of taxpayers who have filed their tax returns reached 97% by yesterday, with the new deadline set for August 2.
In total, some 6,235,000 taxpayers have already filed tax returns.
The August 2 deadline also applies to those who wish to correct their return by filing an amendment.
Payout for the whistleblowers
A bonus of up to 3,000 euros awaits taxpayers who, through the appodixi application, have detected falsified mechanisms and fake receipts in their transactions with various businesses.
The tax audit mechanism has proceeded to check important cases of complaints, while the relevant fines provided for by the legislation have already been imposed.
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Tax evasion getting contained
Tax audits have made a huge leap in recent years, mostly in terms of their quality and not so much in terms of their number, which is more or less on the same level as previous years
Bureau audits, complex cross-checks and data now obtained from dozens of sources have curbed tax evasion, uncovering undeclared income.
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Tax transparency
State authorities must get rid of the afflictions that have survived the country's bankruptcy. One of them is the practice of opening and then abandoning tax audits, without continuity and a binding timetable.
However, where there are unclear timetables, suspicions of expediency and opacity also thrive. That is why it is important to regulate these functions strictly.
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The Bulgarian National Revenue Agency Checks 290 People with High Spending but without any Income
Inspectors of the National Revenue Agency (NRA) start inspections of 290 people, who have spent more than 50,000 leva in past years but have no officially declared income.
50-60% tax on undeclared wealth
According to sources, the Greek government has reached a compromise with its creditors on the matter of collecting revenue from undeclared wealth. The recommended plan provides that taxpayers who voluntarily disclose undeclared wealth will be charged between 50 and 60% of the difference emerging after a tax audit on bank deposits and declared wealth.
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