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The State Tax Inspectorate of Panevěž County, after monitoring a car service company in Aukštaitija, found that the owner of the company had regularly loaned personal funds to his company in the amount of more than 75,000 EUR, as the company had declared itself unprofitable for two consecutive years. The company that had declared losses was actually making a profit, so the VMI specialists recognized this debt owed to the owner as income.
The company also claimed to have received orders for 7.6 million euros in two years, from which it calculated nearly 12,000 euros in VAT. In addition, she clarified the income tax declaration and stated that she received 10.7 million euros in profit instead of 43,000 euros. The company also submitted a request to register as a VAT taxpayer.
“VMI is increasingly concerned about the car repair sector. Currently, the activities of 40 taxpayers at risk are being analyzed, and unfortunately, all of them were found to have irregularities. The trend is that some business representatives do not register all transactions in the accounting, which means that assumptions are made on both sides of the transaction to conceal income and expenses. Business owners declare income from activities that is lower than the wages paid to hired workers. On the other hand, are people who set up a car repair business really not interested in making money, making a profit? When it is announced that a minimum wage will be paid to qualified car mechanics, we can assume that the risk of unclear income and unclear wages still exists,” said Sandra Mociškienė, AVMI representative in Panevėžys, who is responsible for the repair project in the car repair sector.
She stressed that car repairers working in the “shadows” also harm entrepreneurs in the same industry who work transparently and compete fairly, and these entrepreneurs are the majority.
The tax administrator pointed out that monitoring is a soft control measure during which the monitored companies or residents can correct their mistakes, but if the monitored taxpayers do not take into account the information and opinions collected by VMI, strict control measures may be taken to conduct tax investigations or tax inspections on the companies.
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