Economy Country January 24, 2025

New Measures Against Companies Defaulting on Tax Obligations

The Federal Tax Authority affirmed that a number of companies did not comply with the deadlines for settling due taxes and tax obligations, which necessitates taking strict measures.


New Measures Against Companies Defaulting on Tax Obligations

Based on the information provided by the Federal Tax Service, there is insufficient compliance by companies with tax payment deadlines and the submission of tax declarations. This leads to an increase in debt before the state and reduces trust in the business sector.

Tax control agencies have discovered that many companies ignore the requirements for timely tax payments and do not provide the necessary tax reports on time. This creates a negative impact on the financial stability of the state and contributes to the spread of unfair competition in the market.

"The non-fulfillment of tax obligations by new companies threatens the financial stability of the state and lowers the level of trust in business as a whole," noted representatives of the Federal Tax Service.

Experts emphasize that non-timely tax payment is an inadmissible practice that must be curtailed. Tax authorities intend to adopt stricter measures to control the enforcement of tax legislation to ensure fairness and equality for all market participants. It is important that all companies fulfill their tax obligations in accordance with the law, as this contributes to strengthening the country's economic system.