July 18, 2024
Economy, FEATURED
Operation “Paper Dragon”: 287 retail stores of Chinese interest active in Greece were found out to have committed big scale tax evasion The international organized tax evasion ring involving Greek and Chinese businessmen, accountants and technicians was supplying companies with cash registers, specialized algorithm mechanisms and software to avoid paying …
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April 12, 2024
Economy, FEATURED
Greece’s Independent Authority for Public Revenue (AADE) announced on Friday that is establishing a special forces squad to combat tax evasion and smuggling. With 500 checks daily, Greece aims to collect 65 billion euros AADE is planning sweeping checks in all sectors of the economy with “special forces” whose aim …
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October 31, 2023
Economy, FEATURED
Greece’s Finance Ministry has promised a bonus of up to 3,000 euros to citizens who will report tax dodgers who either discover fake receipts, receipt not automatically send to tax authorities. or no receipts at all. To facilitate the whistle-blowing the Independent Public Revenue Authority AADE has a mobile phone …
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October 17, 2023
Economy
A well-known beach bar has been ordered to close for four days after it was found to be operating software designed to trick tax inspectors. Officials from the Independent Public Revenue Authority (AADE) found that the business, located in Kavouri, Vouliagmeni, in southwest Athens, was using a so-called “panic button.” …
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July 17, 2023
Economy, FEATURED
Greece’s Independent Authority for Public Revenue (AADE) will begin tax audits on all those who in 2021 declared family incomes of up to 10,000 euros. This concerns about 3.8 million taxpayers, who will be subject to electronic cross-checking of their accounts as AADE officials consider that these conceal a still …
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June 12, 2023
Economy, FEATURED
Tax evasion in Greece exceeds 60 billion euros annually, governor of the Bank of Greece, Yannis Stournaras, said on Monday. € In interview with news website in.gr, the central banker said incomes officially declared in the country totaled 80 billion euros, while consumption totaled 140 billion euros. He noted that …
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May 25, 2023
Economy, FEATURED
More than six million taxpayers in Greece, a total of approximately nine million (a ratio of 7 out of 10), declare to the Tax Office annual incomes of less than 10,000 euros, with the total amount amounting to 18.3 billion euros. € However, due to the fact that approximately two …
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May 18, 2023
Economy, FEATURED
Greece’s Independent Revenues Authority AADE has deactivated a total of 17,612 short-term rentals listings on digital platforms such as Airbnb, Booking.com, VRBO and other relevant platforms. Reason for the deactivation is that according to data received from the electronic platforms, the short-term rentals owners had not received a Property Registry …
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November 21, 2022
Economy, FEATURED
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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November 15, 2022
Economy
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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August 19, 2022
Economy, FEATURED
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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February 27, 2020
Economy
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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September 5, 2019
Economy
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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February 22, 2019
Economy
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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September 25, 2018
Economy, Video GRID
High-tech drones on the service of Greece’ Independent Authority for Public Revenues. With Argus eyes, the little secret agents have been buzzing over the heads of tax evaders and their facilities screening and recording movements So far the drones have been deployed in Santorini, one of the most popular destinations …
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August 12, 2018
Tourism
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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August 8, 2018
Economy
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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November 16, 2017
Economy
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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November 7, 2017
Editor
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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August 23, 2017
Economy
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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