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Greece

Greek Astronomers Capture Streaking Asteroid

A giant asteroid whizzed past Earth at a speed of nearly 50,000 miles per hour on Wednesday -- and it was observed firsthand by Greek astronomers. Asteroid 7482 (1994 PC1) was observed by the Institute of Astronomy, Astrophysics, Space...

Coronavirus Cases Remain High in Greece

Greece recorded a total of 7,486 cases of the coronavirus on Tuesday, while 6,677 were recorded in the country yesterday, Monday. The record for the highest number of coronavirus cases recorded in one day in Greece was broken on November...

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...

Greek Tax Inspectors Discover Widespread Violations for Month of June

AADE, the Greek Public Revenue Authority, disclosed some interesting information on Thursday about the magnitude of tax evasion and tax violations in its cities and on the major Greek islands for the month of June. The AADE and other Greek...

Greece Nabs 20,000 Undeclared Airbnb Lodgings

Greek authorities on Sunday revealed that they have tracked down some 20,000 undeclared short-term rental properties on the Airbnb platform which had not been registered with the government. The Independent Authority for Public Revenues (AADE) has also discovered 130 property owners...

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...

Greeks Owe More Than €104 Billion to the State, Official Data Reveals

The latest figures published last week by Greece’s Independent Authority of Public Revenue (AADE) revealed that unpaid taxes to the Greek state now amount to the staggering sum of €104,365 billion. This massive figure highlights Greece's problem with tax evasion,...

Crisis-Stricken Greeks Must Pay 5.5 Billion Euros in Taxes

As of next Monday, 4.3 million Greek taxpayers will have a 5.5 billion euro tax bill that is due and payable to the State by the year's end. This amount equals the projected growth of the entire Greek economy this past year. By...

Despite Government Celebrations, the Greek Crisis is Far from Over

It is official: Greece is exiting the third bailout program and Prime Minister Alexis Tsipras is calling on all citizens to celebrate the end of borrowing and applaud the country's ability to stand on its own feet after eight...

Greek Rental Property Tax Platform to Go Online by End-August

An electronic tax platform for registering short-term rentals like AirBnB will be up and running by the end of August, the governor of the Independent Authority for Public Revenue (AADE) Giorgos Pitsilis said on Friday. In comments at an Antenna...

Five Billion Euros Added to Outstanding Debts to Greek State in June

New outstanding debts to the Greek State in June amounted to €5.192 billion, compared to €4.764 billion in May, according to the Independent Authority for Public Revenue (AADE). Out of the €5,192 billion euros, €4,164 billion are unpaid taxes. Of the...

Data of Greek Assets Abroad in Hands of Authorities

Information on deposits and financial assets that Greek taxpayers keep abroad started coming to the hands of tax authorities as part of an exchange of information between EU states. According to Kathimerini newspaper, the first batch of data concerning assets...

One-in-Two Greek Businesses 'Breaking Tax Laws'

One-in-two Greek businesses audited in the first quarter of 2018 were found to have committed some kind of tax offense, according to the Independent Authority for Public Revenue (AADE). AADE agents found that 50.2 percent of businesses audited had violated...

Taxman Busts Businesses on Greek Islands

Early revenue inspections on some popular Greek islands appear to have seen dozens of businesses fall foul of the taxman. After a raid by Independent Authority for Public Revenue (AADE) auditors on three islands on the 1 May weekend, a total...

Outstanding Debts to the State Increase by €770M in March

Outstanding debts to the Greek State increased by €770 million in March, reaching a total of €101.641 billion, according to data released by the Independent Authority for Public Revenue (AADE) on Friday. At the same time, old overdue debts in...