State Audit Institution has finally completed the bankruptcy audit and it will be published this week. It gave recommendations to the Tax Administration on how to prevent owners of companies to push our country into bankruptcy, said the senator of the State Audit Institution, Branislav Radulović.
He points out that the reason they carried out audit is the fact that business entities are constantly being wiped off the Central Registry of Business Entities, on the basis of the final solutions on the conclusion of bankruptcy proceedings within the time period from December 2012 to April 2018. As a consequence, around 77,6 million EUR of uncollected tax obligations has been recorded.
“Debt of active taxpayers amounted 95,4 million EUR in 2017. This audit has identified the problem that owners or management structures of business entities initiate bankruptcy proceedings and dissolve companies which have huge amounts of debt. Afterwards, such persons set up new companies and they keep doing their business. We have harmonized our findings with Tax Administration and given recommendations which will enable that this authority be more efficient in the collection of public income”, says Radulović.
With the aim of establishing efficiency of customs collection, Supreme State Audit Institution is carrying out special audit of success which should show if the customs are collected efficiently enough.
“Collection problem has been identified in this domain as well. It’s uncollected debt. Now we’re drafting recommendations so that the collection system is brought to more quality level2, says Radulović.
The state must have a systemic response to such problems.
