About 62,000 Greeks Paid 250 Million Euros for Undeclared Wealth

More than 62,000 Greeks have paid some 250 million euros in taxes, as part of a so-called voluntary scheme to declare taxable income and wealth that was previously undeclared.

According to Kathimerini news daily, around 80% of the taxpayers concerned did not actually come forward voluntarily, but instead were summoned by the tax authorities to answer questions as inspectors who had checked lists and bank transactions had found discrepancies between what had been declared and what those concerned possessed, in terms of assets.

According to data provided by the Independent Authority for Public Revenue, a total of 62,000 taxpayers have been through the scheme, as a result of around 4 billion euros in undeclared wealth being discovered. The amounts that are being uncovered tend to range between 100,000 to 300,000 euros. Authorities have collected 250 million euros in revenues so far.

Anyone who joins the scheme must pay the tax that is due within 30 days, or enter a payment plan that allows them to settle their debt to the tax office in 12 to 24 monthly instalments, according to Kathimerini.