The Independent Authority for Public Revenue (AADE) is intensifying its efforts in the “pursuit” of major public-sector debtors, aiming to compel them to settle or restructure their outstanding liabilities.
Immediately after the Easter period, it is set to significantly accelerate the pace of property auctions through to early June.
In particular, properties and land plots across the country are being put up for auction, with starting prices varying according to the type, size, and location of each asset, ranging from 2,000 to 2.5 million. More than 40 auctions have already been scheduled.
It should be noted that audits are no longer conducted on a horizontal basis but are now targeted, relying on modern digital tools and data cross-checking. The tax authority now has at its disposal an expanded “arsenal” of information systems, enabling it to more accurately identify the assets of debtors—including real estate, bank deposits, and other sources of income—both domestically and abroad.
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