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Finance Ministry

First Lottery for Card Transactions to be Held Today

A Finance ministry lottery aimed at rewarding plastic money transactions, which will in turn fight tax evasion, is being launched Thursday, with a two month delay. The first-ever lottery based on the receipts issued for transactions using credit and debit...

Greece Releases List of Blatant Tax Evasion and Smuggling Cases

The Greek finance ministry on Wednesday tabled in parliament a list of blatant tax evasion and smuggling cases, as an addition to the state budget. The list of major tax evasion cases included countless fake invoices, businesses that were shut...

Jan.-Sept. Greek Primary Budget Surplus at €4.5 billion, Slightly Below Target

Greece's primary budget surplus of 4.5 billion euros (£4 billion) in the first nine months of the year, is slightly below target due to lower tax revenues, finance ministry data showed on Monday. The government's target was for a primary...

Greek Taxpayers Fail to Pay €2 Bln Due in July

Greek taxpayers failed to pay 2 billion euros in income tax that was due in July alone, according to the Independent Authority for Public Revenue (AADE). July was the month when the first installment of income tax was due. The...

Greece's General Accounting Office Delays Payment of State Debts to Private Sector

Greece's General Accounting Office has failed to repay outstanding debts to the private sector on time, a prerequisite for the disbursement of the bailout loan subtranche of 800 million euros. According to a Kathimerini newspaper report, the funds have been...

Latest Greek Treasury Bills Sale Secures €1.13 Billion

The Greek government raised 1.138 billion euros (1.36 billion U.S. dollars) on Wednesday during the latest six-month treasury bills sale, the Greek Finance Ministry announced. The T-bills were sold at a 2.4% interest rate, down from the 2.5% in the...

Greek Tavern Owner Fires in the Air to Scare Tax Auditors

A tavern owner in Volos, Central Greece, fired shotgun shots in the air on Thursday, in order to scare away three tax auditors who fined him 500 euros for a series of tax violations. The three officials entered the tavern...

Greek Government Continues Contradicting Messaging Regarding Uninsured Vehicles

The state's confusing messaging on whether or not owners of uninsured vehicles will have to pay the 250 euro stamp duty became even more confusing as leaks from the Finance Ministry on Monday stated that the stamp duty would...

Greek Growth Forecast for 2017 Reduced to 1.8 percent by Finance Ministry

The Greek growth forecast for 2017 is depreciating greatly from what was once a 2.7 percent expected growth. Just one day after the European Commission said that they expected only a 2.1 percent growth for Greece, and according to a...

Finance Ministry Mulling Ways to Stop 'Fiddling' of Cash Register Records

The finance ministry is currently scouting out mechanisms that will prevent aspiring tax evaders from erasing records of sales from their cash registers at the end of the day, Greek Deputy Finance Minister Katerina Papanatsiou revealed on Sunday. This was...