The cabinet on Wednesday approved a bill aimed at bolstering the state???s tax collecting ability, including a provision mandating the submission of tax returns by anyone with an income....
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Government seeks to bolster tax collection ability (Updated)
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Paphos Life
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mike strand2
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Re: Government seeks to bolster tax collection ability (Updated)
This was mooted a couple of years ago, but obviously got 'put on the back burner' as it possibly didn't appeal to some folk with influence in high places!
It should also be a requirement that any payment over say €5 automatically gets a receipt showing the VAT. Officials would have the power to stop shoppers & ask to see the receipt. If unable to show a receipt, a penalty fine to both the shop & shopper would be issued. I believe this already operates in some countries.
It should also be a requirement that any payment over say €5 automatically gets a receipt showing the VAT. Officials would have the power to stop shoppers & ask to see the receipt. If unable to show a receipt, a penalty fine to both the shop & shopper would be issued. I believe this already operates in some countries.
