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Greek Minister Announces Changes to Property Tax, More Inspections

Greece’s Alternate Finance Minister Tryfon Alexiadis announced plans to revise a special property tax with the aim of lightening the burden for low incomes and small property holders, without changing a 2.65-billion-euro revenue target. He also announced a package of measures to intensify controls in the market and the country’s tourist regions.
Alexiadis said the Ministry is examining measures to use credit cards for direct VAT payments and announced that a plan for an online connection of cash machines with the Ministry’s IT authority will begin from tourist islands. He dismissed the possibility of further extending a deadline for income tax statements.
Alexiadis further said the Ministry has already made plans to change a special property tax, adding: “We cannot reduce the target of 2.5 billion euros in tax revenue,” while he stressed that the Ministry was currently discussing a timetable for property tax payment with the country’s creditors. He noted that interventions and corrections must be made in the taxation of farmers, but cautiously in order to avoid impacting the country’s primary production. He said that the issue is under discussion with the country’s creditors and added that the Ministry is examining plans to facilitate enterprises’ tax payment by the end of the year, such as expanding a measure for offsetting taxes.
He also announced a package of measures aimed at intensifying tax controls in the market and particularly in tourist regions. He added that inspections carried out over the weekend, on a total of 1,600 enterprises, found that tax evasion rates are around 23%.
(source: ana-mpa)

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