Greek Receipt Policy Still Up in Air



receipts

Six years into the crippling economic crisis, the Greek Government is still tinkering heavily with its receipt collection policy, aimed at curbing tax evasion. The mandatory collection of receipts by taxpayers, and the subsequent penalties for discrepancies found with taxpayers’ declarations, has been a major headache for both the Greek Government and the Greek taxpayers alike.

Last year, the tax receipt policy called for Greeks to gather 25% of their declared income in receipts. While this year, the percentage will drop down to 10%, supermarkets and gas stations can easily account for that percentage. This would ease the pressure from receipts by traditional tax-evaders like bars, restaurants and the self employed.

A solution leaked to the Greek media yesterday was that receipts from the law-abiding supermarkets and gas stations will only account for 50% of their face value. The measure didn’t receive a warm welcome and the Finance Ministry, after retracting the idea, is looking into other, more public-friendly alternatives.