Greek Unpaid Taxes at 90 Bln and Rising



DEBT

In April, outstanding tax debt to the state rose by 700 million euros, reaching 4.332 billion euros. The amount is expected to increase to even greater levels when the next single property tax (ENFIA) installment is due.

Total revenue debt, taking into account past unpaid amounts, is at 90 billion euros. Experts estimate that it remains to be seen whether 10 billion euros from the total will finally make its way to state coffers.

The Ministry of Finance has been forced to tighten its belt and clamp down further on those with overdue debts regardless of the amount. Even those with debts less than 500 euros are being reminded of their obligations through a series of notes with threats of confiscations and liquidation.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.