The threatening for businessmen clause circumvent the law went into the trash. Ministry of Finance on the agenda of the government referred the draft amendments to the Tax Code without the entire department devoted to the controversial mechanism – writes “Puls Biznesu”. As we read in the newspaper, the idea espoused by the Ministry of Finance regulations introducing a clause to combat tax evasion. Clause circumvent the law had to be a strong weapon against the Inland Revenue tax optimization is the legitimate methods of reducing and avoiding taxes.
The optimization was to become a fiscal offense, potentially very high fines. Experts alarmed that the provisions as proposed by Ministry of Finance would impose on undertakings the obligation to pay the highest possible taxes. The Ministry of Finance reserves, however, that issues concerning these regulations will in future be analyzed and a project in this area will then be forwarded.
SEE ALSO: Fiskus patch the tax gap & gt; & gt; & gt;
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