The National Tax and Customs Administration Will Begin Auditing Trusts Within Days.
4 Articles
4 Articles
The wealthy often placed their assets in BVKs to enjoy tax benefits. The Tax and Customs Administration has zero tolerance for those who have used the scheme to damage public property.
The audit of more than a thousand trusts and private foundations will begin in mid-November, the National Tax and Customs Administration (NAV) told MTI on Wednesday.
More than a thousand organizations are being knocked out by NAV, trusts and private foundations are being audited - the authority has declared zero tolerance.
The inspection of more than a thousand organizations engaged in trust asset management will begin in mid-November, the National Tax and Customs Administration (NAV) told MTI on Wednesday. According to the tax authority, the main goal of the inspections is to determine that asset management is not done for tax evasion, but rather that there is a real service behind it. “The investigations will focus on whether asset management has real economic c…
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