More effective detection of tax evasion and tax fraud: Germa ...
According to a press release issued today the Cabinet has decided to extend the retention period for accounting documents at banks, insurance companies and securities institutions to ten years. The amendment to the law aims to combat tax evasion and strengthen effective tax enforcement. This will enable large-scale tax evasion cases, such as those involving cum/cum and cum/ex transactions, to be vigorously prosecuted.
Kategorien: Official Pronouncements
Schlagwörter: retention requirement, accounting data, ...