Tag Archives: tax evasion

Greece’s Finance Ministry will take to curb tax evasion and the concealment of income earned by short-term rentals Airbnb-style, while seeking in the process to increase the protection of tourism enterprises from unfair competition. The ministry is determined to use all means available to restrict such phenomena and, if necessary, …

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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 …

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Greece’s Independent Authority for Public Revenue (AADE) has said it has identified 14 restaurants and cafes around the country that failed to issue receipts for 449,000 orders with a total value of €5.15 million. In addition to hiding their income, the businesses collected €592,000 in Value Added Tax from their …

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Greece’s top court, the Council of State, has ruled that all tax evasion cases from the Lagarde list examined after December 31.2012 have to be written off. This could cost the state estimated 50 million euros that will have to return to tax payers. The CoS ruling rejected the Greek …

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The overtaxation of citizens under the previous government led to an increase in tax evasion, which increased by about 3.0 billion euros in the past four years, said Finance Minister Christos Staikouras in a statement on Thursday. Staikouras noted that “in 2014, tax rates fell and the economy returned to …

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Greek banks will be assigned with the role of the big brother and will monitor when a safe deposit box is visited by its owner, respectively the tax payer. The banks will record every move by the box owners and report it to the tax office if and when necessary, …

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A campaign launched by Greece’s Independent Auhtority for Public Revenues AADE is encouraging tourists to ask for receipts and also pay by credit or debit cards when they purchase goods or services. “Apodixi Please!” – Receipt Please – is the magical Greek word tourists will have to learn to help …

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The cosmopolitan island of Mykonos well known for luxury vacations and expensive prices is apparently thriving to win the “Nobel Prize” for tax evasion would there be one for this category. Inspectors from the Greek financial authorities have been sweeping through the island in the last days making important findings …

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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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The Paradise Papers revealed several big German companies and at least 1,000 German private clients incl. an ex Chancellor, parked their money in tax havens. Siemens, Sixt, Bayer are among the companies listed in the leaked documents. Just when everybody was convinced by the year-long campaign of Berlin that only …

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The government is expected to issue a ministerial decision in early September that paves the way for the launch of a lottery with cash prizes, awarded to taxpayers based on the value of their transactions using credit cards and other plastic money. According to media, each tax-payer will be issued …

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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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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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Tax auditors imposed a mammoth fine to a souvlaki grill for tax evasion. 6,367,600 euro! During conducted controls, tax inspectors found out that the business in Chania, Crete, had not issued a total of 15,919 receipts for the sale of souvlakis and other items. Inspectors calculated that the net value …

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First seasonal tax evasion audits on tourist destinations are grim. Controls on several islands of the Cyclades in central Aegean Sea showed that 70% of businesses do not issue receipts. The most striking example of tax evasion is the case of a large entertainment facility in Akrotiri area on the …

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Economic police officers will change their dress code and adapt it to the holiday mood on the Greek islands, especially the cosmopolitan ones. They will conduct tax evasion controls in hotels, bars, restaurants, music halls and beaches wearing bermuda shorts and bathing suits. They will pretend to be customers, order …

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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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Donkeys in Crete will get license plates. They will not carry their registration number on their head or their rump. The number that will allow them to wander around will be engraved on one of the four hoofs, I heard this morning on a Greek television channel. Donkeys with license …

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Greece launches a new Super-Weapon, a powerful application against tax evasion. Audits will go back to 2002. The software will automatically trace tax evaders, crosschecking bank deposits and tax declarations. Within just two minutes. Finance Minister Euclid Tsakalotos presented on Thursday the new tool that is activated in the hope …

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