December 2, 2021

Beyond Going Long

Complete UK News World

The state tightens control over taxpayers. They will have new responsibilities – the landscape – the economy

VAT payers are required to inform the Finance Department of their private bank account numbers that they use for businesses subject to VAT, as well as any change related to these accounts.


Photo:

Whoever decides on actual expenditures must keep accounting or tax records.

The creation of new effective tools in combating tax fraud and incentivizing tax subjects to voluntarily comply with tax obligations will be brought about by an amendment to the Tax Code, which Parliament approved on Wednesday.

From the current non-public form of assessment of tax subjects, the so-called tax reliability index will move to a transparent form of assessment. According to the ministry, tax entities that will responsibly fulfill their tax obligations, such as filing tax returns on time or paying taxes on time, will be rewarded with benefits. On the contrary, entrepreneurs who are not rated as reliable will be motivated to take a more responsible approach.

The exclusion of natural persons from legal taxpayers who do not comply with legal obligations should contribute to improving tax collection and cleaning up the business environment. “The purpose of this measure is to enable the tax official to make a decision on the exclusion of a natural person if legal reasons are met,” the Ministry of Finance demands, prosecutors in all companies and cooperatives for a period of three years.

Milan Krajniak Read also Higher prices outweigh benefits and pensions. Krajniak has nothing to add, and Matovic doesn’t want to prove it (+ exact tables)

Value Added Tax (VAT) payers are required to inform the Finance Department of their private bank account numbers that they use for businesses subject to VAT, as well as any change related to these accounts. Entities that pay VAT on November 15 this year will be required to report all accounts they use for businesses that are subject to VAT by November 30 this year. The Finance Department will publish the declared bank accounts on its website. This is closely related to the expansion of the Tax Responsibility Institute. “This also applies to unpaid tax if payment for performance or part of it is paid to a bank account other than the supplier’s bank account, which was published on the website of the Finance Directorate on the day of payment,” the Ministry of Finance added.

See also  Do you want to make your job easier? Try these three tools! - News - Blog