Tag Archives: tax

The deadline for the filing of income tax returns for 2022 has been extended to August 31, following the passing of an amendment in parliament. However, the payment deadline for the first tax instalment remains July 31. In effect, this means that taxpayers who submit their returns by the new …

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A special group of Independent State Revenue Authority- AADE auditors is “scanning” social media for possible digital dodgers. It searches Facebook, Instagram, TikTok to detect suspicious transactions, cases of illegal trade and enrichment. The case of the well-known influencer, who was caught evading taxes and is facing a fine of …

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Greece’s Independent Authority for Public Revenue (AADE) is preparing to step up the war on tax evasion this summer by enlisting the aid of a new digital “weapon” dubbed “ELEGXOSLive”, in hopes of boosting tax compliance on Greek islands and other tourist areas. The digital app will allow on-the-spot access …

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The Independent Authority for Public Revenues (AADE) is launching an online platform on Friday, April 7, 202, for the payment of outstanding debts to tax offices and insurance funds. The measures concerns all those who either lost the old arrangements for settling tax and insurance debts in 72 to 120 …

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Inspectors of the Independent Authority for Public Revenue (AADE) located extensive tax evasion in eleven services sectors. The amount of total tax evasion is 15 million euros. All are companies to which the controls were targeted and with special handling and the results were the object processed by special software …

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Taxi drivers in Athens will hold a work stoppage and a general meeting of their union SATA to discuss and promote financial and other demands on Monday, February 13, 2023. The work stoppage will take place between 12 o’ clock noon and 8 o’ clock in the evening. In an …

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The Athens Tax Office on Wednesday confirmed that electricity producers owe 367,067,027.54 euros in total for the extraordinary levy of 90%, based on the increase of their gross profit margin for the period October 2021-June 2022. This amount, as stated by Finance Minister Christos Staikouras, is payable until December 30, …

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Greece is one of the top five countries in the Organization for Economic Cooperation and Development (OECD) in value-added tax charges and the first in the eurozone, together with Finland. Indirect tax revenues currently make up about 56.4% of takings in Greece, while direct taxes account for 35.4% (the rest …

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The online platform for filing 2021 income tax declarations opened on Thursday, March 31, 2022. Upon entering the platform, taxpayers must confirm their personal data and contact details. Access is possible with the special taxisnet codes. About 6.4 million taxpayers are required to file tax declarations by the summer. It …

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Greeks and foreigners will finally get the chance to pay their taxes, duties and levies in Greece using cards issued abroad. The Independent Authority for Public Revenue has reportedly already began a public consultation process and the contractor to undertake the project will be decided within 15 days. Payment to …

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The Finance Ministry announced the extension of the deadline to file taxes this year until September 17, 2021. The installments of taxes to be paid in July and August must be paid by September 17, the ministry said. Filers who want to use the 3% reduction on total tax owed …

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Prime Minister Kyriakos Mitsotakis announced on Thursday five measures to lower taxes and social security contributions for workers and businesses. The package of reductions is worth 2.5 billion euros. He said the measures will allow companies that sustained losses during the pandemic to return to profitability and will also pump …

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Reforming the tax system is imperative to avoid upsetting fiscal balance in the post-pandemic period, Bank of Greece’s governor Yannis Stournaras said on Wednesday, addressing the Academy of Taxation and Accounting of the European Organization of Civil Law. In his speech, the central banker said it is necessary to change …

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The Greek government tabled on Tuesday a draft bill in Parliament offering tax incentives to attract foreign taxpayers in Greece. The incentives include generous tax cuts and tax exemptions for homes and vehicles. Finance Minister Christos Staikouras said that the government begun this process with the law 4646/2019, introducing the …

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26 Greek islands are exempted from the unified property tax (ENFIA) for the year 2020. The exemption was announced by Prime Minister Kyriakos Mitsotakis on Saturday. Today, finance authorities published the list of the 26 remote islands, where property owners will not pay the property tax this year. These 26 …

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Greece lowers the limit of cash transactions from 500 euro to 300. Purchases with a value above the new limit should be made exclusively through electronic payments. The new limit is thought as a measure to combat tax evasion. This is one of the measures of the draft tax bill …

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The Greek government has reconsidered its plans to introduce double taxation on online gambling in the country. Earlier in the month, the country’s Ministry of Development and Investment revealed its plans to introduce tax hikes for the online gambling industry in the country. In the said proposal the cost of …

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One day before visiting Paris to meet with French President Emmanuel Macron, Prime Minister Kyriakos Mitsotakis spoke to French daily Figaro and invited investors to Greece. A thorough bill for taxation reduction for businesses will be presented in September, Mitsotakis told Figaro said adding that “income tax for businesses will …

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“Unless the full prepayment of business tax is abolished, the recession, the migration of people and businesses will not stop and real investments will not arrive,” former finance minister and leader of MeRA25, MP Yanis Varoufakis has said. H epointed out that “New Democracy and SYRIZA are tied up to …

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Combating tax evasion can be very challenging not only mentally but also physically. Tax inspectors in Greece have not only to think out tricks to trap tax evaders and expose their illegal profits. Much too often they have to deal also with angry offenders who would not be satisfied to …

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