POS Archives - Keep Talking Greece

Greece to take another step against notorious tax evasion

November 15, 2022 Economy 3

Greece’s Independent Public Revenues Authority, AADE, will tighten its fight against the notorious tax evasion and will expand the use of electronic payments through POS to more professionals. AADE has reportedly assumed a series of initiatives which start to unveil one after the other which significantly limit the action space …

Golden Visa properties in Greece may be purchased per credit or debit card

October 24, 2019 Economy Comments Off on Golden Visa properties in Greece may be purchased per credit or debit card

An amend bill tabled by Development and Investment Minister, Adonis Georgiadis, allows investors who buy real estate in order to secure residence permit via the Golden Visa program to make their purchases via credit card or POS. The bill is to be voted today, Thursday, at the Greek Palriament. The …

Golden Visa: Authorities in Greece and China investigate illegal POS transactions

October 31, 2018 Economy Comments Off on Golden Visa: Authorities in Greece and China investigate illegal POS transactions

Greek and Chinese authorities investigate illegal payment transactions between a Greek real estate company and Chinese investors who have been targeting residence permission in an EU country via the Golden Visa program. According to Greek media reports on Wednesday, the vice chairman of Greece’s biggest retailer “Jumbo” is investigated for …

Greek consumers face problems in payments with plastic money or ATM withdrawals

December 24, 2017 Economy 1

Greeks and tourists experienced a problem over the pre-Christmas days: the system for payments with debits and credit cards or withdraw money form the ATM seems to have been blocked due to the high demand The problem started a few days ago reaching its peak on Saturday and Sunday, December …

Greek businessman agrees to POS only if he gets share from bank revenues

July 27, 2017 Economy 1

An entrepreneur in Kalamata submitted an extrajudicial statement to his local tax office, saying he would agree to install a POS device in his business only if he earns a share from the bank revenues. The statement was filed just hours before the finance ministry deadline for the mandatory installation …

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

May 1, 2017 Economy Comments Off on 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 …

24 arrests: POS devices legal around the world are illegal in Greece

August 8, 2016 Economy 20

In a joint operation the General Secretariat of Public Revenues, the Financial Department of Greek police and the Bank of Greece cracked down a network of suppliers of secure payment terminals (POS), offshore companies and businessmen who were using POS devices illegally thus bypassing capital controls and committing tax evasion. …

Greece desperately tries to combat tax evasion but with such over-taxation… no chance!

June 22, 2016 Economy 8

Companies systematically evading taxes will soon see a padlock on their doors for 30 days. This new kind of fine to Greece’s tax evaders was announced today by the General Secretary of Public Revenues. The same fine will be imposed to company owners who prohibit tax inspectors from conducting inspections …

Greek banks charge higher commission for cards payments than in other EU countries

December 21, 2015 Economy 5

The Greek government wants to boost the use of plastic money as a means to combat tax evasion. But the banks do not share the government enthusiasm and keep their charging rates high. A vendor, a restaurant owner or a lawyer has to pay 3% or even higher commission to …

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