The General Secretariat of Public Revenue is planning to document all incomes, savings, expenses, loans, dividends, shares and insurance contracts in order to compose a concise register of assets, in order to carry out crosschecks that will help combat tax evasions.
In order to complete the register of the country’s 8.5 million taxpayers, the General Secretariat has requested that banks, insurance and brokerage firms submit relevant details by the end of March.
The register and cross-checks will help determine tax evaders, as they may appear to have low incomes, but at the same time may pay huge installments for loans or insurance, which they are unable to justify.
