Greece
Business
''Apodixi Please'': Greece's Campaign to Inform Tourists About Tax Evasion
The Greek authorities launched recently the campaign dubbed ''Apodixi, Please'', meaning ''Receipt, Please'', in order to inform tourists on how to ask for a receipt from business owners, in order to reduce tax evasion in the country.
As the website...
Economy
Greek Inspectors Pose as Clients to Combat 'Airbnb'-Type Tax Evasion
The Greek authorities are trying to battle tax evasion said to be rampant among the thousands of owners of Airbnb-type properties.
Lacking a mechanism to monitor the short-term leasing of lodgings, inspectors have been doing random checks with the aim...
Economy
Authorities Suspend Business Licenses on Mykonos and Paros for Tax Evasion
Tax authorities suspended the licenses of businesses across Greece after audits showed blatant cases of tax evasion, reported the Athens News Agency.
On Mykonos, authorities confiscated the license and plates of a vehicle of a business that was offering luxury...
Diplomacy
Greece, Bulgaria to Swap Tax Evasion Info
One of the major issues plaguing the Greek state for decades, tax evasion, was the subject of talks between the revenue heads of Greece and Bulgaria in Sofia on Monday, according to an Independent Balkan News Agency report.
The Greek...
Economy
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...
Economy
Ionian Islands ‘Champions’ in Tax Evasion
Official statistics show that the Ionian islands of Corfu, Zakynthos and Kefalonia have earned the rather unflattering title of tax-evasion champions.
Figures from the Independent Authority for Public Revenue reveal that in the island of Corfu, for example, 59% of...
Economy
High Taxes Cause Drop in Revenues as they Lead to Tax Evasion
The data breakdown from this year's tax returns so far confirm what Greece's finance ministry officials were afraid all along: Declared income from freelancers dropped by 20%, compared to last year.
According to a Kathimerini newspaper report, the tax burden...
Economy
Financial Police Raids at Popular Tourist Resorts Reveal Rampant Tax Evasion, Other Offenses
Financial police inspectors found delinquency rates ranging from 50-100% during raids on major tourist resorts in Greece over the last month, including the cosmopolitan islands of Mykonos, Santorini, Zakynthos and Corfu, the Greek police revealed on Monday.
In some cases...
Business
Police Shut Bars, Restaurants on Greek Islands for Tax Evasion
At least three businesses were forced to suspend operations for at least 48 hours due to tax irregularities in popular tourist destinations.
Officers of the Independent Authority of Public Revenue are intensifying inspections on businesses during the high tourist season...
Crime
Greek Public Revenue Authority Plans 14,500 Raids in Tax Evasion 'Hot Spots'
Greece's Independent Authority for Public Revenue (AADE) is to conduct 14,500 swift raids in tourist areas where rampant tax evasion is taking place.
The operation plan is codenamed "Aegean and Argosaronikos," after the island areas where it is known that many...
Economy
FinMin Tsakalotos Stresses Need to Combat Tax Evasion
Finance Minister Euclid Tsakalotos on Monday stressed the need to combat tax evasion in order to increase tax revenues and reduce tax rates. Tsakalotos was addressing a conference of the Independent Public Revenues Authority on the dispute resolution and...
Economy
Study: Greek State Loses Up To €16 Bln per Year From Tax Evasion
The Greek State loses up to 16 billion euros per year, or 32 percent of annual revenue, from tax evasion, a new study shows.
The study was conducted by the diaNEOsis institution, using data from international organizations as well. The...
Greece
Private Employees Union: Vouchers and Prepaid Cards in Lieu of Pay a Form of Tax Evasion
The Federation of Private Employees of Greece (OIYE) on Monday condemned the practice of offering employees gift vouchers for use in supermarkets and diners, in lieu of regular salary. The union said that companies, including large firms, were illegally...
Crime
Economic Prosecutor Launches Full Audit of Novartis Over Possible Tax Evasion
Economic prosecutor Panagiotis Athanasiou requested on Tuesday a full audit into the economic and tax reports of Swiss drug maker Novartis’ offices in Greece, as well of a number of senior executives, to investigate possible tax evasion and money...
Greece
Newspaper Publisher Stavros Psycharis to Face Criminal Charges of Tax Evasion, Money-Laundering
A first-instance court public prosecutor on Wednesday pressed criminal charges against newspaper publisher Stavros Psycharis for tax evasion and legalizing income from illegal activity, to the amount of 45 million euros.
The charges against Psycharis are based on the findings...