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Tag Archives: tax evasion

Council of State rules tax audits may not use evidence beyond 5-year limitation

Greece’s top court, the Council of state ruled on Wednesday that the tax service does not have the right to take into consideration transactions and deposits of bank accounts in Greece that are older than five years from the time of its audit.  It is the second ruling of CoS …

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Inspectors find tax evasion conducted by foreign-registered yachts

The Greek Coast Guard in cooperation with the newly established independent authority for public revenues, has reportedly stepped up checks of yachts and tourist vessels this summer in an attempt to net undeclared charter revenues and foreign-registered vessels that illegally carry out excursions exclusively in Greek waters. Inspections initially check …

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Shop-owner beats tax officer conducting audits on Patmos island

A local shop-owner beat tax officers conducting audits on the island of Patmos, Dodecanese, on Saturday.  It needed the intervention of two ministers so that local authorities detain the perpetrator. The three tax auditors had arrived on the island of Apocalypse in the context a ‘tax evasion safari’ launched by …

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Germany to give know-how to Greece to combat tax evasion in cash registers

Finance ministry officials are considering the mandatory installment of an application in cash registers across the country that will cancel transactions, a measure ostensibly aimed at reducing the still “Olympus-sized” mountain of tax evasion in Greece. According to reports, the relevant deputy finance minister was in the German federated state …

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Tax evasion in Greece between €11bn-€16bn annually

Tax evasion in Greece is estimated to be between 11billion euros and 16 billion euros annually, a study has found. The study prepared by EY and commissioned by the DiaNEOsis think-tank was presented during an event hosted by the institute and the Federation of Hellenic Enterprises (SEV), Greece’s largest employers’ …

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Chief of private TV channel faces charges of Tax Evasion

The prosecutor of the First Instance Court in Athens issued criminal counts and charges on tax evasion and money laundering against Dimitris Kontominas, the owner of private television channel Alpha TV. According to Athens News Agency, “the charge concerns a sum of roughly 48 million euros that arose as a …

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