Finance Minister Highlights Digitalization’s Role in Combatting Informal Economy and Announces Continuous Rent Audits
The Finance Minister has emphasized the significant role that digitalization plays in fighting the informal economy, announcing that rent audits will continue. Approximately 700,000 taxpayers will face penalties for not declaring their rental income.
The Minister also revealed that practical inspection operations have commenced for 1.5 million properties, where it’s likely rental income is generated, using land registry and residence information. Underlining their pursuit of all untaxed illegal earnings, the Minister noted the substantial contribution of digital tools in this process.
These details are based on statements from the Ministry of Finance.