The purchase of an apartment, an expensive car, or a costly renovation may attract the attention of the tax office if the expenses are not covered by the taxpayer's disclosed income. In such a situation, the tax office may request documents confirming the origin of the money, even from many years ago. The most serious consequence is a 75% tax on income from undisclosed sources. However, this does not mean that every major purchase automatically …
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The purchase of an apartment, an expensive car, or a costly renovation may attract the attention of the tax office if the expenses are not covered by the taxpayer's disclosed income. In such a situation, the tax office may request documents confirming the origin of the money, even from many years ago. The most serious consequence is a 75% tax on income from undisclosed sources. However, this does not mean that every major purchase automatically …