The Ministry of Finances will publish a number of significant changes to the taxation system, which will affect about 800,000 self-employed and small and medium-sized enterprises. These changes are related to the recent changes for the setting of new objective criteria.
Meanwhile, the government is about to implement a tax auditing system that will employ a new method of selecting cases for regular tax audits. The selection will be based entirely risk analysis methods and criteria. Regarding the estimation of profits, the Ministry will use new methods of indirect or notional estimation of the gross revenue and net income of self-employed and SMEs.
In order to determine the income and tax owed, the tax services will take into consideration the bank accounts, assets, profession, location, working costs, payroll costs, expenses and income of similar businesses and the living costs of the individual.
The Ministry of Finances will also issue another decree on determining the way in which taxpayers can settle their debts with tax services and insurance funds
