5 Minute News

Loss of Public Revenue Due to Expired Tax Deadlines

August 11, 2025

The Audit Office reports that thousands of taxpayers avoided paying taxes due to the six-year deadline since their issuance. Specifically, many tax assessments for individuals and legal entities from 2014 to 2017 are now unenforceable, leading to revenue losses for the state. While the Tax Department has issued several tax assessments, most have not undergone substantial checks. The Audit Office emphasizes the need for stricter controls, especially for high-risk companies. Finally, it calls for timely examination of tax returns to safeguard public revenue.