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Ronaldo agrees to pay Rs 150-crore fine to settle tax fraud case

Tuesday, January 22, 2019, 6:31 PM

Juventus forward Cristiano Ronaldo has accepted a 23-month suspended jail sentence and a 16.5-million (over Rs 150-crore) fine over tax fraud. Ronaldo was accused of defrauding the Spanish authorities of 12.9 million in unpaid taxes between 2011 and 2014, when he was a Real Madrid player. Ronaldo won't serve any time in jail as he has no previous criminal record.
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I-T department chases tax payers to recover Rs 5,000 crore

Monday, January 21, 2019, 12:47 PM

The income tax department has come across several cases where tax payers have taken credit for payment of "self-assessment tax" without actually clearing the dues, resulting in arrears of around Rs.5,000 crore. The non-payment has resulted in the department being unable to process income tax returns for the last financial year with authorities now approaching the assessees to immediately pay up, officials told.
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Indonesia cracks down on e-commerce to raise tax collection

Tuesday, January 15, 2019, 7:54 AM

Indonesia is bringing in new rules requiring e-commerce sellers to share data with authorities, while also stressing that they must pay taxes, the finance ministry said on Monday. Surging smartphone use and a rising middle-class income in Indonesia, home to 260 million people, has made its e-commerce industry a battleground for foreign investors.

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