The long planned registration of all kinds of private wealth will go into effect in February 2017. More than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total “wealth”, and even cash they possess even if it is below 100 euro. Furthermore, the taxpayers will have to register changes in their assets when they occur and not annually.
Tax authorities will upload on their website pre-filled data like real estate, declared income, income from rents, loans, vehicles etc – practically they pre-filled data will refer to data given by taxpayers in their income declaration.
In the new scheme to have registered everything the trouble Greek owns, the taxpayers will have add moveable and immovable possessions such as paintings, antiques, jewelry, even historical weapon, etc but also the cash they have in their wallets or under the mattress.
“Taxpayers must declare all the cash they have in their hands, even one euro!” an official from the Finance Ministry told newspaper To Vima on conditions of anonymity.
The Greek finance ministry apparently doe snot know yet what value the taxpayers will have to declare if they possess a necklace and a ring, a painting made by the cousin and a sculpture made by the sister in the ceramics course. the Ministry has also no idea, who will estimate the value and how.
Within a month, the taxpayer will have to submit a modification statement, if there are any changes in his possessions status. “This will affect any case of property transfer or acquisition, but not of income, which is being declared each year, and are directly updated by the tax authorities. To Vima stresses.
KTG understands, that she will not have to submit cash possessions modifications every time she goes to the kiosk to buy chewing gums or cigarettes and pays cash from the money in her wallet.
PS No comment for the time being as my current moveable possessions are two bikinis, 2 pairs of flip flops and a beach towel. Swimming is the best medicine against state madness and officials with Robespierre’s attitudes.