From the beginning of October 2022, the Tax Department is conducting a nationwide compliance campaign with on-site inspections of houses/apartments to verify the correct application of the reduced VAT rate of 5% for main residence purposes.
The campaign is conducted in the afternoons and weekends. In less than two months, more than 1,700 on-the-spot checks have been carried out during which, of the approximately 800 persons identified, 275 were found not to be eligible claimants.
The corresponding amount of additional VAT to be imposed amounts to €16.2 million, which justifies the checks and leaves us satisfied. I would like to thank the Tax Commissioner and the Officers of the Tax Department for their efforts.
Let me assure you that not only will these audits continue in 2023 but we will also start on-site audits on other categories of taxpayers and types of taxes.
(OP/EXP)
Contents of this article including associated images are owned by PIO
Views & opinions expressed are those of the author and/or PIO
Source
