DKK 251m in undeclared taxes

DKK 251m in undeclared taxes
Inaccurate tax reporting will net the Treasury an additional DKK 59 million
 
24.03.2022 - 09:20

Tax authority TAKS has registered DKK 251 million in undeclared income in 2021.

A large chunk (DKK 154 million) of this amount is attributed to taxable income linked to large companies. DKK 15 million is attributed to taxable income of individuals.

Undeclared capital gains of businesses and individuals totalled DKK 66 million.

DKK 7 million is attributed to inaccuracies in VAT and customs reporting, while the remaining DKK 24 million is linked to interest subsidies, travel allowances, etc.

 

Read the Faroese version of this article here.

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