The tax office announced yesterday that it is going to target the digital black market this year, such as on line property rentals.This year, tax inspectors are going to be focusing on various areas but the most important is going to be the black market and within that remit comes illegal activity in the service and tourist sectors.
The principal aim is to crackdown on individuals, or businesses, using social media to rent holiday homes which do not declare any tax on their business activities. The tax office has made it clear that it is not going to be focusing on whether properties are being illegally rented out as holiday homes or not, but concentrating on whether the money earned is being declared and tax paid to the inland revenue.
Tax office sources said yesterday that it already has 200,000 websites in its target and teams of inspectors are already trawling through them to make sure that the individuals or companies are complying fully with their fiscal obligations.
According to the tax office, it will be concentrating on what it calls “double use software” which is specifically used to cover up and hide rentals and sales and manipulate company accounts in order to make false tax declarations.
Tax office to crackdown on illegal property rentals
Also in News
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
No comments
To be able to write a comment, you have to be registered and logged in
Currently there are no comments.