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Giving more power to financial police necessary
Belgrade,
19 April 2006
Director of the Tax Administration Vladimir Ilic announced today that in view of the increasing instances of value added tax (VAT) evasion, the Ministry of Finance will propose changing systemic laws and giving broader powers to the financial police.
Vladimir Ilic at today's press conference
Ilic told a press conference that in the first three months of the year, the Tax Administration registered VAT evasion of approximately 4.3 billion dinars. He explained that if this trend continues, that sum will reach 10% of Serbia's budget for 2006, or more than 40 billion dinars by the end of the year.
He specified that in the first quarter of the year the Tax Administration submitted 453 criminal complaints against 418 persons because of tax evasion.
He specified that in the first quarter of the year the Tax Administration submitted 453 criminal complaints against 418 persons because of tax evasion.
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