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hidden income

Courts Asked to Clarify Ruling On Foreign Deposits That Could Cost the State €1 Billion

The Administrative Appeals Court has recently made a ruling that could end up costing the Greek state some €1 billion by ruling in favor of a plaintiff appealing fines for depositing unclaimed income in banks abroad, sources report. The General Secretariat...

Fin Min Gives One Last Chance to Taxpayers and Companies to Declare Hidden Income

The Finance Ministry has given individuals and firms until May 31, 2017 to come clean about incomplete tax declarations. There is a new draft law which provides for a lower tax and fine if people with undisclosed income come forward...

Voluntary Declaration of Hidden Income to Face Heavy Tax Over 50%

The Greek Parliament is aiming to table two bills in October regarding taxpayers who reveal hidden income, Kathimerini has reported. According to the Greek newspaper, an unnamed top Greek official has revealed that the government is detailing the framework for...

Greek State to Tax Voluntarily Disclosed Hidden Income Higher than 50%

The Greek economic team is close to a plan that would tax voluntarily disclosed hidden income more than 50%, without the accord of creditors so far. According to a Kathimerini newspaper report, in Thursday's cabinet meeting on economic policy the...