Recent Measures to Curb Tax Evasion and Strengthen Tax Compliance

In recent years, several measures have been introduced by the government to curb tax evasion and strengthen tax compliance in the country. Some of the key initiatives include:

• Introduction of stricter penalties for tax evasion
• Enhanced use of data analytics and technology to detect tax avoidance schemes
• Increased collaboration between tax authorities and other government agencies to share information and intelligence
• Implementation of mandatory reporting requirements for high-risk transactions
• Increased focus on educating taxpayers about their obligations and the consequences of non-compliance

These measures have played a significant role in deterring tax evasion and improving tax compliance rates in the country. However, the fight against tax evasion is an ongoing process and authorities continue to explore new strategies to ensure a fair and transparent tax system.