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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...

Greece Votes on Bill to Protect the Rights of British Citizens After Brexit

A bill that protects the residence status and rights of current and future British citizens residing in Greece, regardless of whether a Brexit agreement is reached with the EU or not, was brought up for discussion in Parliament on...

Tens of Thousands of Greeks Sign Up for Debt Repayment Plan

Over 45,000 Greek taxpayers who owe debts to the state have signed up electronically for the government's new 120-installment plan to settle their arrears, officials said on Thursday. According to the Independent Public Revenue Authority (AADE), the signups occurred within...

EU: Greece has Not Implemented 16 Bailout Program Prerequisites

File photo: Greece's Ministry of Finance The European Commission is urging Greece to proceed with 16 prerequisites that have to be completed by the end of the year, as agreed with creditors. The first report after the end of the bailout...

Greece Seizes 900 Accounts per Day Over Rocketing Tax Debts

Taxpayers’ arrears to the state rocketed by 5.47 billion euros in the first half of 2017, as Greeks are unable to meet their tax obligations. At the same time, the authorities freeze or seize about 900 bank accounts on a...

One in Three Greeks Fail to Pay Income Tax on Time

Greek ministry of Finance officials say that close to 30% of Greek tax payers failed to pay the first installment of their income tax within the deadline, which expired on July 31. The yearly income tax comes in three...

Uproar After Greek Civil Servant Pictured Solving Crosswords

This photo of a Greek civil servant solving crosswords while a long queue of people was forming only a few meters away has forced the Greek authorities to act. The photo, published on Monday and gone viral, apparently shows an...