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Greece

Independent Authority for Public Revenue Seizes €124 Million From Debtors’ Bank Accounts in 2016

On Monday, Deputy Finance Minister Katerina Papanatsiou presented data to Parliament disclosing that in 2016 the Independent Authority for Public Revenue confiscated a total of 124 million euros worth of bank deposits of state debtors. The data also showed that...

Greek Revenue Services, US IRS Sign Agreement for Tax Data Exchange

The US IRS announced this week on its website that the US has entered into a bilateral competent authority agreement with Greece to exchange country-by-country reports on multinationals. The agreement between the IRS and the Greek Independent Authority for Public...

Rubicon Anarchists Smash Glass Entrance to Greece's Public Revenue Authority (video)

Using sledgehammers, members of the anarchist group "Rubicon" smashed the glass entrance of the General Secretariat of Information Systems (GSIS) offices in the early hours of Sunday morning. At 6:15 am, eight hooded individuals arrived at the Finance ministry service...

Greek Tax Authority Gets Data from Bank Deposits Abroad

The Independent Public Revenue Authority is expected within September to receive data on bank accounts held by Greek citizens in 49 countries. In exchange, Greek banks will send the data to the tax authorities of partner countries on accounts held...

Greek Public Revenue Authority Plans 14,500 Raids in Tax Evasion 'Hot Spots'

Greece's Independent Authority for Public Revenue (AADE) is to conduct 14,500 swift raids in tourist areas where rampant tax evasion is taking place. The operation plan is codenamed "Aegean and Argosaronikos," after the island areas where it is known that many...

Greek Public Revenue Authority Reinforces Staff in Tourist Areas

Greece's Independent Public Revenue Authority (AADE) has announced it is reinforcing tax inspector staff in tourist areas for the summer season to step up checks. The aim of the operation is to have merchants and service providers issue receipts for...

Greek Public Revenue Service Goes After €8 Bln in Debts to State

Greece's Independent Authority for Public Revenue (AADE) is to go after taxpayers in order to collect 3.5 billion euros from old debts and 4.5 billion expected to be generated in 2017. AADE is planning to collect the funds from taxpayers...

Public Spending, Social Welfare, Labor Issues at Wednesday's Meetings With Institutions

Greece’s public spending, labor issues, social welfare and the strategy for development will be among the issues that will be discussed in the next round of meetings between government ministers and the institutions’ mission chiefs in Athens on Wednesday. The...

Greece's General Secretariat for Public Revenue Becomes Independent in 2017

Greece's General Secretariat for Public Revenue will become independent as of 2017, free from state control and monitoring, and with a European Commission expert next to its governor. According to a Kathimerini report citing a draft bill the newspaper has...

''Apodixi Please'': Greece's Campaign to Inform Tourists About Tax Evasion

The Greek authorities launched recently the campaign dubbed ''Apodixi, Please'', meaning ''Receipt, Please'', in order to inform tourists on how to ask for a receipt from business owners, in order to reduce tax evasion in the country. As the website...

Greece Nabs 20,000 Undeclared Airbnb Lodgings

Greek authorities on Sunday revealed that they have tracked down some 20,000 undeclared short-term rental properties on the Airbnb platform which had not been registered with the government. The Independent Authority for Public Revenues (AADE) has also discovered 130 property owners...

Turkish Citizen Arrested for Smuggling Hundreds of Ancient Greek Coins

Officers at the customs office of Kipoi (on the border with Turkey) confiscated 1,055 ancient Greek coins from a Turkish national on Tuesday, after a search was carried out when the suspect was entering the country from Turkey. The Independent...

Greeks Paid More Than €8.3 Billion in Taxes in 2018

Greece’s Independent Authority for Public Revenue published figures on Thursday regarding the amount of taxes Greek citizens paid in 2018. According to the data, a total of 8,907,722 Greek taxpayers paid €8.328 billion in taxes in 2018 on combined declared incomes...

Crisis-Stricken Greeks Must Pay 5.5 Billion Euros in Taxes

As of next Monday, 4.3 million Greek taxpayers will have a 5.5 billion euro tax bill that is due and payable to the State by the year's end. This amount equals the projected growth of the entire Greek economy this past year. By...

Despite Government Celebrations, the Greek Crisis is Far from Over

It is official: Greece is exiting the third bailout program and Prime Minister Alexis Tsipras is calling on all citizens to celebrate the end of borrowing and applaud the country's ability to stand on its own feet after eight...